Please Answer ASAP. Chose the best answer out of four that are provided below:

(Ignore income taxes in this problem) The management of Favreau Corporation is considering the purchase of a machine that would cost $310, 464 and would have a useful life of 5 years. The machine would have no salvage value. The machine would reduce labor and other operating costs by $84,000 per year. The internal rate of return on the investment in the new machine is closest to: Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables. 12% 14% 11% 13%