Question 6 of 12 14 View Policies Current Attempt in Progress Swifty Hammocks is considering the purchase of a new weaving machine to prepare fabric for its hammocks. The machine under consideration costs $154,434 and will save the company $20.000 in direct labor costs. It is expected to last 10 years Click here to view the factor table. (a) Calculate the internal rate of return on the weaving machine. (Round answer to decimal place, es 15.) % Internal rate of return (b) If Swifty uses a 7% hurdle rate, should the company invest in the machine? e Textbook and Media Attempts:0 of 3 used Submit Answer Save for Later NOG VORES APPENDIX 9.1 Present value of $1 received in n periods. 4% 5% 6% 7% 8% 9% 10% 11% Periods 1 2 3 4 S 0.9615 0.9246 0.8890 0.8548 0.8219 0.9524 0.9070 0.8638 0.8227 0.7835 0.9434 0.8900 0.8396 0.7921 0.7473 0.9346 0.8734 0.8163 0.7629 0.7130 0.9259 0.8573 0.7938 0.7350 0.6806 0.9174 0.8417 0.7722 0.7084 0.6499 0.9091 0.8264 0.7513 0.6830 0.6209 0.90X19 0.8116 0.7312 0.6587 0.5935 124 13% 14% 0.8929 0.8850 0.8772 0.7972 0.7831 0.7695 0.7118 0.6931 0.6750 0.6355 0.6133 0.5921 0.5674 0.5428 0.5194 16% 18% 20% 0.8621 0.1475 0.8333 0.7432 0.7182 0.6944 0.5407 0.6086 0.5787 0.5523 0.5158 04823 0.4761 0.4371 04019 6 7 8 9 10 0.7903 0.7599 0.7307 0.7026 0.6756 0.7462 0.7107 0.6768 0.6446 0.6139 0.7050 0.6651 0.6274 0.5919 0.5584 0.6663 0.6227 0.5820 0.5439 0.5083 0.6302 0.5835 0.5403 0.5002 0.4632 0.5963 0.5470 0.5019 0.4604 0.4224 0.5645 0.5346 0.5132 0.4817 0.4665 0.4339 0.4241 0.3909 0.3855 0.3522 0.5066 04523 0.4039 0.3606 0.3220 04803 0.4556 04104 0.3704 0.3349 04251 0.3996 0.3538 0.3139 02791 0.3762 0.3506 0.30500.2660 02326 0.3329 0.3075 0.2630 0.2255 0.1938 0.2946 0.2697 0.2267 0.1911 0.1615 11 12 13 14 15 0.6496 0.6246 0.6006 0.5775 0.5553 0.5847 0.5568 0.5303 0.5051 0.4810 0.5268 0.4970 0.4688 0.4423 0.4173 0.4751 0.4440 0.4150 0.3878 0.3624 0.4289 0.3971 0.3677 0.3405 0.3152 0.3875 0.3555 0.3262 0.2992 0.2745 0.3505 0.3173 0.2875 0.2607 02366 0.1954 0.1619 0.1346 0.3186 0.2858 0.2567 0.2307 0.2076 0.1685 0.1372 0.1122 0.2897 0.2575 0.2292 0.2042 0.1821 0.1452 0.1163 0.0935 0.2633 0.2320 0,2046 0.1807 0.1597 0.1252 0.0985 0.0779 0.2394 0 2090 0.1827 0.1599 0.1401 0.1079 0,0835 00649 16 17 18 19 20 0.4581 0.4363 0.4155 0.3957 0.3769 0.3936 0.3714 0.3503 0.3305 0.3118 0.5339 0.5134 0.4936 0.4746 0.4564 $1 (1 + i)" 0.2176 0.1883 0.1978 0.1696 0.1799 0.1528 0.1635 0.1377 0.1486 0.1240 0.3387 0.2919 02519 0.3166 0.2703 0.2311 0.2959 0.2502 0.2120 0.2765 0.2317 0.1945 0.2584 0.2145 0.1784 0.1631 0.1415 0.12290.0930 0.0708 00541 0.1456 0.1252 0.1078 0.0802 0.0600 0.0451 0.13000.1108 0.0946 0.0691 0.0508 0.0376 0.1161 0.0981 0.08.29 0.059600431 0,0313 0.1037 0.0868 0.0728 0.0514 0.0365 0.0261 PV MacBook Pro APPENDIX 9.2 Present value of an annuity of 81 per period. Periods 6% 1 2 3 4 5 4% 0.9615 1.8861 2.7751 3.6299 4.4518 5% 0.9524 1.8594 2.7232 3.5460 4.3295 0.9434 1.8334 2.6730 3.4651 4.2124 79% 8% 9% 10% 11% 0.9346 0.9259 0.9174 0.9091 0.9009 1.8080 1.7833 1.7591 1.7355 1.7125 2.6243 2.5771 2.5313 2.4868 2.4437 3.3872 3.3121 3.2397 3.1698 3.1024 4.1002 3.9927 3.8897 3.7907 3.6959 12% 0.8929 1.6901 2.4018 3.0373 3.6048 13% 14% 0.8850 0.8772 1.6681 16467 23612 2.3216 2.9745 29137 3.5172 3.4331 16% 18% 20% 0.8621 08475 0.8333 1.6052 1.5656 1.5278 2.2459 2.1743 2.1065 2.7982 2.6901 2.5887 3.2743 3.1272 2.99045 6 7 8 9 10 5.2421 6.0021 6.7327 7.4353 8.1109 5.0757 5.7864 6,4632 7.1078 7.7217 4.9173 5.5824 6.2098 6.8017 7.3601 4.7665 4.6229 4.48594.3553 5.3893 5.2064 5.0330 4.8684 5.9713 5.74665.5348 5.3349 6,5152 6.2469 5.9952 5.7590 7.0236 6.7101 64177 6.1446 4.2305 4.1114 4.7122 4.5638 5.1461 4.9676 5.5370 5.3282 5.8892 5,6502 3.9975 3.8887 3.6847 3.4976 4.4226 4.2883 4,0386 3.8115 4.7988 4.6389 4.3436 4,0776 5.1317 4.9464 4.6065 4,3030 5.4262 5.2161 48332 4.4941 3.3255 3.6046 3.8372 4.0310 4.1925 11 12 13 14 15 8.7605 9.3851 9.9856 10.5631 11.1184 8.3064 8.8633 9.3936 9.8986 10.3797 7.8869 8.3838 8.8527 9.2950 9.7122 7.4987 7.1390 6.8052 6,4951 6.2065 7.9427 7.5361 7.1607 6.8137 6.4924 8.3577 7.9038 74869 7.1034 6.7499 8.74558.2442 7.78627.3667 6.9819 9.1079 8.5595 8.0607 7.6061 7.1909 5.9377 6.1944 6.4235 6,6282 6.8109 5.6869 54527 5.0286 46560 4.3271 5.9176 5.6603 5.1971 4.7932 44392 6.1218 5.8424 5.3423 4.995 4.5327 6.3025 6,0021 54675 5.0081 4.6106 6.4634 6,1422 5.5755 5.0916 4.6755 16 17 18 19 20 7.3792 7.5488 7.7016 7.8393 7.9633 6.9740 6,6039 6.2651 7.1196 6.7291 6.3729 7.2497 6.8399 6.4674 7.3658 6.9380 6.5504 7.4694 7.0248 6.6231 5.6685 5.1624 4.7296 5.7487 5.2223 4.7746 5.8178 5.2732 4.8122 5.8775 5.3162 4.8435 5.9288 5.3527 4.8696 11.6523 10.8378 10.1059 9.4466 8.8514 8.3126 78237 12.1657 11.2741 10.4773 9.7632 9.1216 8.5436 8.0216 12.6593 11.6896 10.8276 10.0591 9.3719 8.7556 8.2014 13.1339 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 13.5903 12.4622 11.4699 10.5940 9.8181 9.1285 8.5136 1 $1 - (1 + )" i PVA. MacBook Pro