Monster Beverage is considering purchasing a new canning machine. This machine costs $3,500,000 up front. I know, but they are a quick back of the napkin method that works for short payback periods. Jennifer would prefer to use the internal rate of return, which is more accurate. This fails to factor in the time value of money. She is concerned with calculating the payback period over a much longer time frame. This does not value current money more than future money. Using the figures to the right, how many years will this machine take to pay back? You know I need to put my finance hat on and say those numbers aren't very accurate. I know, but they are a quick back of the napkin method that works for short payback periods. Monster Beverage is considering purchasing a new canning machine. This machine costs $3,500,000 up front. Jennifer would prefer to use the internal rate of return, which is more accurate. This fails to factor in the time value of money. She is concerned with calculating the payback period over a much longer time frame. This does not value current money more than future money