Words 0 QUESTION 5 The management is contemplating the purchase an updated piece of equipment for its factory operations at a cost of $950,000. If purchased, the equipment is expected to generate $250,000 in annual cash flows for a period of five years. The company's required rate of return is 8%. The new machine is expected to have zero salvage value at the end of the five-year penod. Instructions You must show ALL computations. 1. Calculate the internal rate of return. 2. Explain the purpose of the IRR and its role in the accept or reject decision. 3. Is this equipment an appropriate investment possibility? Explain thoroughly. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answ