Required information [The following information applies to the questions displayed below.) A company is considering investing in a new machine that requires a cash payment of $50,947 today. The machine will generate annual cash flows of $20,127 for the next three years What is the internal rate of return of the company buys this machine? (PV of S1, FV of S1. PVA of $1, and EVA of 5.0) (Use appropriate factor(s) from the tables provided.) Amount Invested 0 Annal Net Cash Flow - Present Value Factor 0 Internal Rate of Return A machine can be purchased for $110,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied using a five-year life and a zero salvage value. Year 1 $7,400 Year 2 518,490 Year 3 $43,000 Year 4 $27,700 Year 5 $73,600 Net income Compute the machine's payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) Year 0 1 Net Income Depreciation Net Cash Flow Cumulative Cash Flow $ (110,000) (110,000) 5 7.400 18.400 43,000 27,700 0 73.600 0 2 3 4 5 Payback potlod