Question: Please solve and show your work step by step. Do not assume I know what you are leaving out. Flint Hammocks is considering the purchase

Please solve and show your work step by step. Do not assume I know what you are leaving out.

Flint Hammocks is considering the purchase of a new weaving machine to prepare fabric for its hammocks. The machine under coralduration costs $88 320 and will save the company $12.000 in direct labor costs. It is expected to last 10 years. Click here to view the factor table. (aj Calculate the Internal rate of return on the weaving machine. (Round answer to O decimal place, e.g. 15)) Internal rate of return (bj If Flint uses a 836 hurdle rate, should the company invest in the machine? Purieli Fariali LIN Lin 4 413 TUM 15 17 Si

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