Dinshaw Company is considering the purchase of a new machine. The invoice price of the machine is $71,312, freight charges are estimated to be $2,600, and installation costs are expected to be $7,060. The annual cost savings are expected to be $14,060 for 9 years. The firm requires a 20% rate of return. Ignore income taxes. What is the internal rate of return on this investment? (Round answer to O decimal places, e.g. 15%) Click here to view PV table. Internal rate of return Save for Later % Attempts: 0 of 1 used Submit