Vaughn 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 $174,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $36,925. Click here to view the factor table. What is its approximate internal rate of return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, eg 1.25124 and final answers to O decimal places, eg. 16%) Internal rate of return 10 %