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Vino Winery is considering the purchase of a state-of-the-art bottling machine. The new machine will cost $33,907 and will have a useful life of 8

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Vino Winery is considering the purchase of a state-of-the-art bottling machine. The new machine will cost $33,907 and will have a useful life of 8 years. The new machine will provide net cash savings of $5,900 per year. What is the internal rate of return (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 $1 table.) Data Table i Data Table O A. 14% OB. 12% OC. 8% OD. 6% Present Value of $1 Periods 10% 2.487 3.170 3.791 6% 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 8% 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 10% 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 12% 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 14% 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 Present Value of Annuity of $1 Periods 6% 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7.360 8% 2.577 3.312 3.993 4.623 5.206 5.747 6.247 4.355 4.868 5.335 5.759 6.145 12% 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 14% 2.322 2.914 3.433 3.889 4.288 4.639 4.946 5.216 6.710 Print Done Print Done

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