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Your answer is partially correct. Bruno Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a

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Your answer is partially correct. Bruno Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer-aided design and manufacturing machine for $432,000. The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $114,150 for the next 6 years. Management requires a 10% rate of return on all new investments. Click here to view the factor 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 14 % Should the investment be accepted? The investment should be accepted.

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