Answer Happy

Required information [The following information applies to the questions displayed below] A company is considering investing in a new machine that requires a cash payment of $47,947 today. The machine will generate annual cash flows of $21,000 for the next three years. What is the internal rate of return if the company buys this machine? (PV of $1. EV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.) AN Amount Invested $ 47,947 Find this factor on the appropriate table to estimate the Internal Rate of Return 1 Annual Net Cash Flow 21.000 Internal Rate of Return 3 % Present Value Factor 2.2832