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Blue Spruce Hammocks is considering the purchase of a new weaving machine to prepare fabric for its hammocks. The machine under consideration costs $$73,600$ and will save the company $$10,000$ in direct labor costs. It is expected to last $10$ years.

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$($a$)$ Calculate the internal rate of return on the weaving machine. $($Round answer to $0$ decimal place, e$.$g$.15.)$

Internal rate of return $\%$

$($b$)$ If Blue Spruce uses a $8\%$ hurdle rate, should the company invest in the machine?