Novak Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a newproduct. The machine will cost $175.000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by 937,138 Click here to view the factor table. What is its approximate internal rate of return? (For colculation purposes, use 5 decimal ploces as displayed in the foctor table provided, es:1.25124 and final answers to 0 decimal places, eg. 16\%)