Question $11$ of $15$

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Blossom Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer$-$aided design and manufacturing machine for $$444,300.$ The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $$108,065$ for the next $6$ years. Management requires a $10\%$ rate of return on all new investments. Click here to view the factor table.

Calculate the internal rate of return on this new machine. $($Round answer to $0$ decimal places, e$.$g$.13\%.$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

Internal rate of return $\%$

Should the investment be accepted?

The investment $$ be accepted.