Internal Rate of Return Method$-$Two ProjectsMunch N$\text{'}$ Crunch Snack Company is considering two possible investments: a delivery truck or a bagging machine. The delivery truck would cost $$29,701\mathrm{.}86$ and could be used to deliver an additional $49,000$ bags of pretzels per year. Each bag of pretzels can be sold for a contribution margin of $$0\mathrm{.}38.$ The delivery truck operating expenses, excluding depreciation, are $$0\mathrm{.}52$ per mile for $17,000$ miles per year.The bagging machine would replace an old bagging machine, and its net investment cost would be $$32,118\mathrm{.}75.$ The new machine would require three fewer hours of direct labor per day. Direct labor is $$15$ per hour. There are $250$ operating days in the year. Both the truck and the bagging machine are estimated to have four$-$year lives. The minimum rate of return is $14\%.$ However, Munch N$\text{'}$ Crunch has funds to invest in only one of the projects.Present Value of an Annuity of $$1$ at Compound Interest

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