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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

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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 $183,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $37,590. Click here to view the factor table. What is its approximate internal rate of return? (Round answer to 0 decimal place, e.s. 13\%.) Internal rate of return % eTextbook and Media Attempts: 0 of 1 used Using multiple attempts will impact your score. 10% score reduction after attempt 1

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