Diamond Company is considering the purchase of a new machine for $80,000.The machine would generate an annual cash flow of $14,767 for 6 years.At the end of six years, the machine would have no salvage value.The company's cost of capital is 10%.The company uses straight-line depreciation.
What is the internal rate of return for the machine rounded to the nearest percent? (Note: Round the discount factor to three decimal places.)

Question

Diamond Company is considering the purchase of a new machine for $80,000.The machine would generate an annual cash flow of $14,767 for 6 years.At the end of six years, the machine would have no salvage value.The company's cost of capital is 10%.The company uses straight-line depreciation. ​
What is the internal rate of return for the machine rounded to the nearest percent? (Note: Round the discount factor to three decimal places.)

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Diamond Company Is Considering the Purchase of a New Machine