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PLEASE ANSWER BELOW. Sunland Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The

PLEASE ANSWER BELOW.

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Sunland Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $167,000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $34,303. Click here to view PV table. What is its approximate internal rate of return? (Round answer to O decimal place, e.g. 13%.) Internal rate of return 34 %

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