Question: Current Attempt in Progress Your answer is incorrect. Kendra Corporation is involved in the business of injection moulding of plastics. It is considering the purchase

Current Attempt in Progress Your answer is incorrect. Kendra Corporation is involved in the business of injection moulding of plastics. It is considering the purchase of a new computer- aided design and manufacturing machine for $426,100. The company believes that with this new machine it will improve productivity and increase quality, resulting in a $109,500 increase in net annual cash flows for the next five years. Management requires a 13% 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 O decimal places, e.g. 10%. For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.52124.) Internal rate of return Should management accept the investment? The investment eTextbook and Media be accepted. I %

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