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 $166,000, has an estimated useful life of 7 years, o salvage value of zero, and will fincrease net aninual cash flows by $32,982. Click here to view the factor table. What is its approximate internal rate of return? (Round answer to 0 decimal ploce, eq. 13\%) Internal rate of return *