Internal rate of return (LO1, LO2, LO3, LO4, LO5). Refer to the data in the previous exercise. Polyplast has been using the internal rate of return approach to evaluate its long-term investments in...

Internal rate of return (LO1, LO2, LO3, LO4, LO5). Refer to the data in the previous exercise. Polyplast has been using the internal rate of return approach to evaluate its long-term investments in the past, and its policy has been to invest in only those projects with internal rates return in excess of 14%.

Required:

What is the internal rate of return from investing in the machine? As per company policy, will Polyplast buy the machine?