X Company is considering buying a new machine that will cost $150,000 and that will generate annual cash inflows of $32,450 for 6 years. What is the approximate internal rate of return (as a decimal, so 1% would be 0.01)? A: 0.03 B: 0.04 C: 0.05 D: 0.06 E: 0.07 F: 0.08