Exercise 12-15 Internal Rate of Return and Net Present Value [LO12-2, LO12-3] Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $122,570, including freight and installation. Henrie's estimated the new machine would increase the company's cash inflows, net of expenses, by $34.000 per year. The machine would have a five-year useful life and no salvage value Click here to view Exhibit 12B1 and Exhibit 128.2. to determine the appropriate discount factor(s) using table Required: 1. What is the machine's internal rate of return? (Round your final answer to the nearest whole percentage) 2. Using a discount rate of 12 what is the machine's net present value? 3 Suppose the new machine would increase the company's annual cash inflows, net of expenses, by only $31,505 per year. Under these conditions, what is the internal rate of return? (Round your final answer to the nearest whole percentage) 1 Internal rate of retum 2 Net present value 3 Intemal rate of return