Question: Current Attempt in Progress Your answer is incorrect. Vaughn Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture

Current Attempt in Progress Your answer is incorrect. Vaughn Company is

Current Attempt in Progress Your answer is incorrect. 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 0 decimal places, e.g. 16\%.) %

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