Question 5 of 16 -/2 View Policies Current Attempt in Progress Dinshaw Company is considering the purchase of a new machine. The invoice price of the machine is $85,535, freight charges are estimated to be $2,760, and installation costs are expected to be $7,200. The annual cost savings are expected to be $14,880 for 10 years. The firm requires a 22% rate of return. Ignore income taxes. What is the internal rate of return on this investment? (Round answer to decimal places, eg. 15%.) Click here to view PV table. Internal rate of return % Save for Later Attempts: 0 of 1 used Submit