Redroot Corp. is considering a machine that will save $18,000 a year in cash operating costs each year for the next six years. At the end of six years, it would have no salvage value. If this machine costs $66,330 now, the machine's internal rate of return is closest to (Ignore income taxes.):

1) 16%

2) 18%

3) 17%

4) 19%

Redroot Corp. is considering a machine that will save $18.000 a year in cash operating costs each year for the next six years. At the end of six years, it would have no salvage value if this machithe costs $66,330 now, the mochine's internal rate of return is closest to (lgnore incorne taxes): Use Exhibit 78-1 and Exhitht 782, to determine the appropriate discount factor(s) using the tables provided. 10s Ies ins 195