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Reece Corporation is considering the purchase of a machine that would cost $15,141 and would have a useful life of 5 years. The machine would

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Reece Corporation is considering the purchase of a machine that would cost $15,141 and would have a useful life of 5 years. The machine would generate $4,200 of net annual cash inflows per year for each of the5 years of its life. The internal rate of retum on the machine would be closest to: (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) 0 A. 896. O B. 1096. O c. 12%. OD, 14%

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