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.

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 $332,740.41 1 $332,740.41 2 $332,740.41 3 $332,740.41 4 24% 13% 21% 16%

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