Assume that you are a vending machine dealer. you plan to purchase a vending machine for $200,000. one year later, you are expected to sell it back and receive $224,000 as cash. what is the irr (internal rate of return) on this investment? be sure to apply the definition of irr and show your work.

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in order to buy the vending machine, you plan on borrowing $80,000 from bank at 5% of interest rate and raise $120,000 from investors at 10% of cost of equity, are you going to accept this project? why? (tax rate is 30%). show your work.