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Vino Winery is considering the purchase of a state of-the-art botting machine. The new machine will cost S33,907 and will have a useful life of

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Vino Winery is considering the purchase of a state of-the-art botting machine. The new machine will cost S33,907 and will have a useful life of 8 years. The new machine will provide net cash savings of S5,900 per year. What is the internal rate of retum (IRR) for the new bottling machine? (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of S1 table.) A.10% B. 8% iO C. 12% D. 14%

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