Question 1 :Your firm is considering purchasing a machine with the following annual, end-of-year, book investment accounts.

Compute the internal rate of retum for the cash ows of the following two projects: {Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places je.g., 3116].] o $ moon $ cone 1 4_ooo 2,2oo 2 coon area 3 3_eoo 3,2oo Project A. Project B Your rm is considering purchasing a machine with the following annual, end-ofvear, book investment accounts. Gross investment $55,0D $55,0D $55,0D $55,0Dl} $55,0Dl} Less: Accumulated depreciation [l 1:1,Ul] 23,0[11] 42pm EEDD Net investment $55,0D $42,0D $28,0D 1:1,Ul2l 15 l] The machine generates, on average. $5,5DD per vear in additional net income. 1ll'll'hat is the average accounting return for this machine? [Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places {e.g.. 3115].] w :3