Virtual-Utility Ltd. Is involved in the business of making high quality furniture. It is considering the purchase of a new manufacturing machine for $430,000. The company believes that this new machine will improve productivity and increase quality, resulting in a $64,082 increase in net annual cash flows for the next ten years. Management requires a 10% rate of return on all new investments. The internal rate of return (IRR) on this new machine is: 10% 8% 6% 12%