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Kanye 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

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Kanye 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 $174.000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $38.126. Click here to view PV table. What is its approximate internal rate of return? (Round answer to decimal place, es13%) Internal rate of return 1x

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