Internal Rate of Return Analysis White Mountain Mining LLC is considering the purchase of a new piece of machinery The initial cost of the machine will be 6250000 and the machine will have a useful life of five years The companys hurdle rate is 8 The following cash flow projections have been made Year 1 1200000 Year 2 1850000 Year 3 2500000 Year 4 1950000 Year 5 1500000 Calculate the internal rate of return for the machinery Use Excel to compute your answers Round answers to the nearest whole percentage ex 01854 19 Answer 1