Question 13 of 13

Question 13 of 13 View Policies Current Attempt in Progress -/12.5 Crane 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 $161,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $31,990. Click here to view the factor table. What is its approximate internal rate of return? (Round answer to O decimal place, e.g. 13%.) Internal rate of return eTextbook and Media Save for Later Assistance Used Submit Answer