Question 1 2 pts Flak Company purchased a machine for $114,100 and assigned it a seven-year life with no salvage value. The machine is expected to generate net cash inflows of $25,000 per year over its useful life. Flak Company uses a 10% cost of capital in evaluating its capital investment projects. The internal rate of return (IRR) on the machine is closest to: 9% O 10% 11% o O 12% O 13% 14% O 15% d 16%