WORKING CAPITAL BUDGETING - MANAGERIAL ACCOUNTING

The Zeron Corporation recently purchased a new machine for its factory operations at a cost of $921 .250. The investment is expected to generate $250,000 in annual cash ows for a period of six years. The required rate ot return is 14%. The old machine has a remaining life of six years. The new machine is expected to have zero value at the end of the six-year period. The disposal value of the old machine at the time of replacement is zero. What is the internal rate of return