(Present Value Tables Are Required

(Present value tables are required. ) Renfroe Corporation is considering the purchase of a machine that would cost $22,712 and would have a useful life of 5 years.The machine would generate $6,300 of net annual cash inflows per year for each of the 5 years of its life.The internal rate of return on the machine would be closest to

A) 8%.
B) 10%.
C) 12%.
D) 14%.