Will Company purchased a machine for $$138,000.$ The

machine has a life of sixteen years with no salvage

value. It is expected that the machine will generate

annual net cash inflows of $$20,000$ per year over its

useful life. Assume Will Company employs a cost of

capital of $14\%$ on all capital investment projects.

The internal rate of return $($IRR$)$on the machine$$is

closest to:

You will need to use the present value table factors

posted in carmen to answer this question. To access

these factors, click modules and then scroll to week

$13.$ Click on the link labeled present value table

factors. No credit will be awarded for this question

using a means other than these posted table factors

to answer this question.

Group of answer choices

$8\%$

$9\%$

$10\%$

$12\%$

$14\%$

$15\%$

$16\%$ Will Company purchased a machine for $\backslash (\backslash$$ $138,000\backslash ).$ The machine has a life of sixteen years with no salvage value. It is expected that the machine will generate annual net cash inflows of $\backslash (\backslash$$ $20,000\backslash )$ per year over its useful life. Assume Will Company employs a cost of capital of $14\backslash \%$ on all capital investment projects.

The internal rate of return $($IRR$)$ on the machine is closest to:

You will need to use the present value table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week $13.$ Click on the link labeled present value table factors. No credit will be awarded for this question using a means other than these posted table factors to answer this question.

$8\backslash \%$

$9\backslash \%$

$10\backslash \%$

$12\backslash \%$

$14\backslash \%$

$15\backslash \%$

$16\backslash \%$