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The Walton Daily News is investigating the purchase of a new auxiliary press that has a projected life of 19 years. It is estimated that

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The Walton Daily News is investigating the purchase of a new auxiliary press that has a projected life of 19 years. It is estimated that the new press will save $22,000 per year in cash operating costs. What is its internal rate of return if it costs $144,108 new? (Round your answer to the nearest whole percent. Omit the "%" sign in your response.) Internal rate of return % How much would the annual cash inflows (cost savings) have to be for the new press to provide the required 17% rate of return? (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.) Annual cash inflow $

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