Blossom Corporation is involved in the business of injection moulding of plastics. It is considering the purchase of a new computer$-$

aided design and manufacturing machine for $$428,200.$ The company believes that with this new machine it will improve productivity

and increase quality, resulting in a $$107,200$ increase in net annual cash flows for the next five years. Management requires a $10\%$ rate

of return on all new investments.

Click here to view the factor table.

Calculate the internal rate of return on this new machine. $($Round answer to $0$ decimal places, e$.$g$.10\%.$ For calculation purposes, use $5$

decimal places as displayed in the factor table provided, e$.$g$.1\mathrm{.}52124.)$

Internal rate of return