Diamond Company is considering the purchase of a new machine for $80,000. The machine would generate an annual cash flow of $14,767 for 6 years. At the end of six years, the machine would have no salvage value. The company's cost of capital is 10%. The company uses straight-line depreciation. What is the internal rate of return for the machine rounded to the nearest percent? (Note: Round the discount factor to three decimal places.)