A snow-cone machine at an icecream shop costs \(\$ 15,000\). The machine is expected to generate profits of \(\$ 2,500\) each year of its 10-year useful life. At the end of the 10 years, the machine will have a salvage value of 0 . Within what interest rate range does the IRR fall?

a. Less than 10 percent

b. 10 percent to 12 percent

c. 12 percent to 14 percent

d. Greater than 14 percent