What is the internal rate of return?

Sandhill Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a computer-aided design and manufacturing machine for $429,000. The company believes that with this ncw machine it will improve productivity and increase quality. resulting in an increase in net annual cash flows of S101.a05 for the next 6 years. Management requires a 10% rate of return on all new investments. Click here to view the tactor table. Calculate the internal rate of return on this new machine. (Round answer to O decimal places, e.g. 13%. For calculation purposes. use 5 decimal places as displayed in the factor table provided.) Internal rate of return Should the investment be accepted? The investment be accepted.