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Tamarisk Corporation is involved in the business of injection moulding of plastics. It is considering the purchase of a new computeraided design and manufacturing machine

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Tamarisk Corporation is involved in the business of injection moulding of plastics. It is considering the purchase of a new computeraided design and manufacturing machine for $452,300. The company believes that with this new machine it will improve productivity and increase quality, resulting in a $125,400 increase in net annual cash flows for the next five years. Management requires a 15% rate of return on all new investments. Click here to view the factor table. Calculate the internal rate of return on this new machine. (Round answer to 0 decimal places, eg. 10\%. For calculation purposes, use 5 decimal places as displayed in the foctor table provided, eg. 1.52124) Should management accept the investment

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