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# Krauth Company purchased a machine for $162,600. The machine has a life of twelve years with no salvage value. It is expected that the machine will...

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Krauth Company purchased a machine for $162,600. The machine has a lifeof twelve years with no salvage value. It is expected that the machine willgenerate annual net cash inflows of $30,000 per year over its useful life.Assume Krauth Company employs a cost of capital of10% on all capitalinvestment projects. The internal rate of return (IRR) on the machine is closest to: if: 10%(N 12%if: 14%6f, 15% (j 16%