8 of 25 Reece Corporation is considering the purchase of a machine that would cost...
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Accounting
8 of 25 Reece Corporation is considering the purchase of a machine that would cost $24,388 and would have a useful life of 6 years. The machine would generate S5,600 of net annual cash inflows per year for each of the 6 years of its life. Using the information below, the internal rate of retum on the machine would be closest to which of the following? Present Value of S1 0.735 0.681 0.630 0.583 0.540 0.500 0.463 12% 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.683 0.621 0.564 0.513 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.424 10 0.386 Present Value of Annuity of $1 3.312 .993 4.623 5.206 5.747 6.247 6.710 10% 3.170 3.791 4.355 4.868 3.037 2.914 3.605 3.433 4.564 4.968 5.328 5.650 4.639 4.946 5.216 5.759 10 6.145 10% 6% 12%. 8%
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