which option is correct

Chrome File Edit View History Bookmarks Profiles Tab Window 1 2 Q 8 Tue Oct 28 11:57 AM UT myUT X A LTI Launch x Ch 8 ABA Homework X Chat Thread X 1+ C go newconnect.mheducation.com Connect Help Close Mc Hill The Capital Budgeting Decision Return to Activity Score Canning Machine Materials equal LU PU! Sierra Ratajczak Discount Rate NPV Between 16-18% 12% $414, 197 Correct! 14% $230, 258 16% $59, 894 Sierra Ratajczak 18% $-98, 182 What does the IRR tell us about the new canning 20% $-245, 113 machine? Jennifer It means that if our required return (10.0%) is less than the IRR, we should invest in the new machine. What is your recommendation? Purchase the new machine. The required return is less than the IRR Do not purchase the new machine. The required return is greater than the IRR. Submit OCT 28