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Carla Vista Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computeraided design and manufacturing machine for $$428,300.$ The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $$101,240$ for the next $6$ years. Management requires a $10\%$ rate of return on all new investments. Click here to view PV table.

Calculate the internal rate of return on this new machine. $($Round answer to $0$ decimal places, es$.13\%.$ 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.

$($IT$\text{'}$S NOT $15\%)$