Acme Company is considering investing in a new machine that costs $110,415 and that has a useful life of 11 years with no salvage value. The machine will generate $17,000 annually in net cash inflows. The internal rate of return on the investment is: (Round your intermediate calculations to 3-decimals and your internal rate of return calculations to the nearest whole percent.)

Options:

4%.

8%.

6%.

10%.