Phyllis' Pediatrics is investigating the possibility of purchasing a new X-ray machine for their primary care practice. The cash flows for the X-ray machine are estimated to be $120,000 in year one, $60,000 in year two, $80,000 in year three, $40,000 in year four, and $20,000 in year five. Assume that the X-ray machine has a life of five years, and no salvage value. The X-ray machine requires an initial investment of $200,000. Assuming a discount rate of 12 percent, compute the net present value of the X-ray machine. They are investigating the possibility of purchasing a new X-ray machine for their primary care practice. The cash flows for the X-ray machine are estimated to be $120,000 in year one, $60,000 in year two, $80,000 in year three, $40,000 in year four, and $20,000 in year five. Assume that the X-ray machine has a life of five years, and no salvage value. The X-ray machine requires an initial investment of $200,000. Compute the internal rate of return of the X-ray machine. Enter your answer rounded to two decimal places