Question: The initial outlay for a new machine is $363,000. The expected after tax inflows from the machine in each of following 5 years are: $90,000,

The initial outlay for a new machine is $363,000. The expected

The initial outlay for a new machine is $363,000. The expected after tax inflows from the machine in each of following 5 years are: $90,000, $104,400, $88,800, $84,000 and $82,800. At the end of the 5 years the machine can be sold for $100,000. What is the project's IRR

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