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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

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 $38,188 today. The machine will generate annual cash flows of $16,725 for the next three years. What is the internal rate of return if the company buys this machine? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

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