Blossom Company is evaluating the purchase of a rebuilt spot$-$welding machine to be used in the manufacture of a new product. The

machine will cost $$173,000,$ has an estimated useful life of $7$ years and a salvage value of zero, and will increase net annual cash flows

by $$34,373.$

Click here to view the factor table.

What is its approximate internal rate of return? $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided, eg$.$

$1\mathrm{.}25124$ and final answers to $0$ decimal places, eg$.16\%.)$