Question 3 of 4

Question 3 of 4 View Policies Current Attempt in Progress Frost 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 $176,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $36,151. Click here to view PV table. What is its approximate internal rate of return? (Round answer to O decimal places, e.g. 16K) Internal rate of return eTextbook and Media Save for Later Attempts: O of 3 used Submit Answer