Current Attempt in Progress Sunland Company is evaluating the purchase of a rebuilt spot-welding machine to...

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Current Attempt in Progress Sunland 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 $179,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $37,990. Click here to view PV table. What is its approximate internal rate of return? (Round answer to O decimal places, e.g. 13%.) Internal rate of return eTextbook and Media Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 3 % Attempts: 0 of 5 used Submit Answer Current Attempt in Progress Sunland 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 $179,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $37,990. Click here to view PV table. What is its approximate internal rate of return? (Round answer to O decimal places, e.g. 13%.) Internal rate of return eTextbook and Media Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 3 % Attempts: 0 of 5 used Submit Answer