The internal rate of return on the machine would be closest to:

Sloan Corporation is considering the purchase of a machine that would cost $18,216 and would have a useful life of 4 years. The machine would generate $5,500 of net annual cash inflows per year for each of the 4 years of its life. The internal rate of return on the machine would be closest to: Present Value of Sl periods 4 6 10 8% 0.735 0.681 0.630 0.583 0.540 0.500 0.463 Present Value of Annuity of $1 Periods 4 6 10 8% 8% 3.312 3.993 4.623 5.206 5.747 6.247 6.710 10% 0.683 0.621 0.564 0.513 0.467 0.424 0.386 3.170 3.791 4.355 4.868 5.335 5.759 6.145 12% 0.636 0.567 0.507 0.452 0.404 0.361 0.322 3.037 3.605 4.111 4.564 4.968 5.328 5.650 14% 0.592 0.519 0.456 0.400 0.351 0.308 0.270 2.914 3.433 3.889 4.288 4.639 4.946 5.216