(Present Value Tables Are Required

(Present value tables are required. ) Hincapie Manufacturing evaluating investing in a new metal stamping machine costing $30,924.Hincapie estimates that it will realize $12,000 in annual cash inflows for each year of the machine's 3-year useful life.The internal rate of return (IRR) for the machine is approximately

A) 8%.
B) 10%.
C) 5%.
D) 6%.