Management of John Johnson, a confectioner, is considering purchasing a new jelly bean-making machine at a cost of $252,261. They project that the cash flows from this i for the next seven years. If the appropriate discount rate is 14 percent, what is the IRR that John Johnson management can expect on this project? (Do not round discount factors. Round other intermediate calculations to o decimal places e.g. 15 and final answer to 2 decimal places, e.g. 5.25%.) ent will be $120,370 IRR is Click if you would like to Show Work for this question: Open Show Work