Current Attempt in Progress Cheyenne Corporation recently purchased a new machine for its factory operations at a cost of $966,450. The investment is expected to generate $255,000 in annual cash flows for a period of five years. The required rate of return is 8%. The new machine is expected to have zero salvage value at the end of the five-year period. Clid here to view PV tables. Calculate the internal rate of return. (Round answer to decimal places, eg. 15%) Internal rate of return %