The Comil Corporation recently purchased a new machine for its factory operations at a cost of $442,200. The investment is expected to generate $120,000 in annual cash flows for a period of six years. The required rate of return is 13%. The old machine has a remaining life of six years. The new machine is expected to have zero value at the end of the six-year period. The disposal value of the old machine at the time of replacement is zero. What is the internal rate of return? O A. 14% O B. 13% O C. 16% OD. 15%