View Policies Current Attempt in Progress Pharoah 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 $165.000. has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $31.695. Click here to view the factor table What is its approximate internal rate of return? (Round answer to O decimal place, es. 13%) Internal rate of return eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer