Question 37 of 39 < > View Policies Current Attempt in Progress -/2 E Ace Corporation recently purchased a new machine for its factory operations at a cost of $950,000. The investment is expected to generate $250,000 in annual cash flows for a period of five years. The required rate of return is 8%. The new machine is expected to have zero salvage value at the end of the five-year period. Click here to view PV table. Calculate the internal rate of return. Internal rate of return %