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Exercise 12-3 (Algo) Internal Rate of Return (LO12-3] Wendell's Donut Shoppe is investigating the purchase of a new $48,300 donut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings of $6,800 per year. In addition, the new machine would allow the company to produce one new style of donut, resulting in the sale of 1,700 dozen more donuts each year. The company realizes a contribution margin of $2,00 per dozen donuts sold. The new machine would have a six-year useful life. Click here to view Exhibit 128-1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using tables. Required: 1. What would be the total annual cash inflows associated with the new machine for capital budgeting purposes? 2. What discount factor should be used to compute the new machine's Internal rate of return? (Round your answers to 3 decimal places.) 3. What is the new machine's internal rate of return? (Round your final answer to the nearest whole percentage.) 4. In addition to the data given previously, assume that the machine will have a $15,685 salvage value at the end of six years. Under these conditions, what is the internal rate of return? (Hint: You may find it helpful to use the net present value approach, find the discount rate that will cause the net present value to be closest to zero.) (Round your final answer to the nearest whole percentage.) $ 10.200 4.735 1. Annual cash inflows 2. Discount factor 3. Internal rate of return 4. Internal rate of retum % % BIT 128-2 ant Value of an Annuity of $1 in Arrears, 1/1-1/(1+r)^n)) 5.242 6.495 ods 49 59 6% 7% 8% 99 109 11% 124 135 149 15% 16% 17% 18% 194 20% 215 22 23 245 250 1 0.962 0952 0.943 0935 0.926 0.917 0,909 0.901 0.893 0.885 0.877 0.870 0.862 0855 0.847 0.84008330.826 0.820 0.813 0.806 0.80 + 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.713 1.690 1.668 16471.626 16051.585 1.566 1.547 1.528 1.509 1.492 1.474 1457 14 3 2.775 2.723 2.6732.624 2.577 2.531 2.487 2.444 | 2.402 2.36123222 283 2.246 2.210 2.174 2.140 2.106 2.074 | 2.042 | 2011 | 1981 1.95 4 3.630 3.5463.465 3.387 33123.240 3.170 3.102 3037 2974 2914 2.855 2.798 2743 2,690 2.63925892540 2.494 2448 2404216 5 4452 4.329 4.212 4.100 3993 3.890 3.791 3.696 3.605 3517 3.433 3.352 3.274 3.1993.127 13.058 2991 2.9262.866 2.803 2.7452.68 6 5.076 4.917 4.767 4.623 4 486 4355 4.231 4.111 3.998 3.8893.7843.6853.589 3.498 3.410 3.326 3.245 3.167 3.092 3.0202.95 7 6.002 5.786 5582 53895 206503348684.712 4.564 4.423 4.2884.16040393.92238123.706 3.605 3.508 34163.327 3.242 3.16 8 6733 6.463 6.210 5971 5.747 5.535 5335 5.146 4.968 4.799 4.639 4487 4 344 4.207 4078 3.954 3.837 3.726 3.619 3.518 3.4213.32 9 7435 7.108 6802 6.315 6.247 5.9955.759 55375.3285.13249464.7724.607 4451 43034.163 4.031 3.905 3.786 3.673 35663.46 10 8.111 7.7227.360 70246.710 64186.145 5.889 565054265.2165.019 4833 4,659 4.494 4.339 4.192 4.054 3.923 3.799 3.682 3.57 11 8.7608 30678877499 7.139 6.805 6.207 5.9385.6875.4535.234 5.029 48364.656 4.486 4327 4.1774,035 3.202 3.776 1.650 12 9.385 8.8638.3847.9437.5367.161 6.8146.492 6.194 3918 5.660 5421 5.197 4988 4.793 4.611 4.439 4.278 4.127 3.985 3851 3.725 13 9.9869 39488538358 7.904 2.487 7.103 6.750 6.424 6.122 58425583 5.342 5.1184.9104.7154.533 4.362 4.203 4.053 3.9123.780 14 10.563 9.89992958.745 8.2447.78673676.982 6.628 6302 6.002 5.7245 468 5229 5,008 4802 4.6114432 4.265 4.1083.962 3.820 15 11.118 10 380 9.712 9.108 8.559 8.0617.6067.191 6811 6.462 6.142 58475 575 5.324 5.092 4,876467544894315 4.1534001 3.859 16 11,652 10.838 10.106 9.447 8.851 83137.824 7379 6974 6604 6.265595456685405 5.1624938 14.730 4.5364357 4.189 4.033 3.887 17 12.166. 11.274 10.477 9763 9.122 8.5448.02275497.120 67296,3736,047 5.749 5.4755 22249204775 4576 4391 4.219 4059 3910 18 12.659 11690 1082810059 93728.756.8.2017.7027250 6.840 6.467 | 6.1285RIN5514 5 273 5.03348124.60844194.243 4.080 3.928 19 13.134 12.085 11.158 10.336 9,604 8950 8.365 783973666.938 6.5506.198 5.8775.584 53165070 4843 4635 4.442 4263 4.097 3.942 20 13.590 12.462 11.470105949.818 9.129 8514 7.963 7469 7025 6.623 6.259 5.9295.628 5.3535.101 4870 4.657 4460 4.279 4.110 3.954 21 14.029 12821 11.764 10836 10.0179292 8.6498.07575627.1026,6876.31259735,665 5.3845127401 4.675 4.476 4.292 4.121 3.963 22 14451 13.163 12042 11061 10.2019,442 8.7728.176 7.645 7.170 6.7436359601 5.696 5410 5.1494.0094.690 4488 4 302 4.130 3.970 14.857 13.489 1230311272 10.371 9580 88838.266 7.718 7230 6.792 63996046 5.723754325.167 49234.703 4499 4.311 4.137 3.976 24 15.247 13.799 12.5501146910529 9.707 898583487.78472836835 64346073 5.746 5.4515182 491 4.7134 507 4318 4.143 3.981 25 15.622 14.094 12.783 11654 10,6759.823907784227.843 7.3306,87364646097 5.766 5.467 5.193 4948 4.721 4514 4.323 4.147 3.0RS 26 15983143751300311 826 10.8109.929 9.161 8488 7.896 7372 6.906 6 491 6.1185.783 5205 20649564.728 4520 4328 4.151 3.988 27 16.330 14.613 13211 11.987 10.935 10.0279.237 8.5487.943 7.400 6.9356514 6.136 5.798 5.492 S215496447344524 4332 4.1543.990 28 16,663 14.898 13.406 12.13711051 10.116 93078.60279847441 6.961 65146.152 5.810 5.5025 223 4.970 4.7394528 4305 4.157 1992 29 16.984 15.141 13.59112278 11 158 10.1989 37086508.02274706,98365515.1665.205510522949754.743 4531 4337 -4.159 3994 30 17.292 15372 13.765 12 409 1125 10:2749422 694805512496700365666.1725.82955125.2154.979474645344,339 4.160395 40 19.79.217.15915046133211925, 10.77 9779951 244 761471056642620SNI 534852584997 4.760454441474.1663999