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 $171,000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $33,976. Click here to view the factor table. What is its approximate internal rate of return? (Round answer to 0 decimal place, e.g. 13%.) Internal rate of return e Textbook and Media Save for Later 4 R O 5 T 6 % 4 18 & 8 Attempts: 0 of 5 used Submit Answer Sto 11 P

Karye Compary is evaluating the purchase of a rebuilt spot weldinc mactine to beused in the monufacture of a new product The $33,976. Clickhere to view the factoc table: Internal rate of return