Question 8 ssions View Policies Current Attempt in Progress olium Concord Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer-aided design and manufacturing machine for $423,000. The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $111,772 for the next 6 years, Management requires a 10% rate of return on all new investments. Click here to view PV table. ase Course ials rZoom Calculate the internal rate of return on this new machine. (Round answer to 0 decimal places, e.3. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) e Drive ator Internal rate of return Accounting ly Updates Should the investment be accepted? book PLUS Support The investment be accepted. - Accounting ly Updates book eTextbook and Media