QS $24-22($Algo$)$ Internal rate of return LO P$4$

A company is considering investing in a new machine that requires an initial investment of $$46,239.$ The machine will generate annual

net cash flows of $$20,252$ for the next three years. What is the internal rate of return of this machine? $($PV of $$1,$ FV of $$1,$ PVA of $$1,$

and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.