Brief Exercise 24-7

Kanye 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 $172,000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $33,036. Click here to view PV table.

What is its approximate internal rate of return? (Round answer to 0 decimal place, e.g. 125.)

Internal rate of return %

Brief Exercise 24-7 Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture o a new product. The machine will cost $172,000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $33,036. Click here to view PV table What is its approximate internal rate of return? (Round answer to o decimal place, e.g. 125.) Internal rate of return Click if you would like to Show Work for this question: Open Show Work Question Attempts: o of 5 used SAVE FOR LATER BHIT