Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) A company is considering investing in a new machine that requires a cash payment of $61,949 today. The machine will generate annual cash flows of $24,911 for the next three years. QS 24-13 Internal rate of return LO P4 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.) Amount Invested Annual Net Cash Flow = Present Value Factor 61,949 $ 24,911 = 2.4868 Find this factor on the appropriate table to estimate the Internal Rate of Return n = Internal Rate of Return Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] A company is considering investing in a new machine that requires a cash payment of $61,949 today. The machine will generate annual cash flows of $24,911 for the next three years. QS 24-14 Net present value LO P3 Assume the company uses an 7% discount rate. Compute the net present value of this investment. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) Chart Values are Based on: n = i = Select Chart Cash Flow Annual cash flow Amount x PV Factor = Present Value = $ Net present value