Oriole Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer$-$aided design and manufacturing machine for $$424,000.$ The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $$106,065$ for the next $6$ years. Management requires a $10\%$ rate of return on all new investments. Click here to view the factor table.

Calculate the internal rate of return on this new machine. $($Round answer to $0$ decimal places, e$.$g$.13\%.$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

Internal rate of return $\%$

Should the investment be accepted?

The investment $$ be accepted.