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Crane Company is evaluating the purchase of a rebulit spot-welding machine to be used in the manufacture of a new product, The machine will cost

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Crane Company is evaluating the purchase of a rebulit spot-welding machine to be used in the manufacture of a new product, The machine will cost $184,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $39,050. Clickhere to view the factor table. What is its approximate internal rate of return? (Round answer to 0 decimal place, eg. 13\%) Internal rate of return 26

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