Question: Hershey is considering a purchasing some new equipment that costs $800,000. The discount rate for the machine is 15%. The cash flows from Hershey's machine

Hershey is considering a purchasing some new equipment that costs $800,000. The discount rate for the machine is 15%. The cash flows from Hershey's machine are shown below. What is the IRR? Year Cash Flow $285.900.06 1 $285.900.06 2 $285,900.06 3 $285,900.06 4 21% 13% 24% 16%

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