Riverview Company is evaluating the proposed acquisition of a new production machine. The machine's base price is $200,000, and installation costs would amount to 528,000 . Alvo, $10,000 in net workec capital would be required at instaliation. The machine will be depreciated for 3 vears asine simplifed straieht Ene depreciation. The muchine woild save the frru $110,000 per year in operating costs. The frrm is planning to heep the machine in ploce for 5 vears. As the end of the fht year, the machine wil be sold for $20,000. Roverview has a cost of capital of 12% and a margiral tax rate of 34%. What is the IRR of the proiect? 1076 4.t. ingh