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(Ignore income taxes in this problem.) Crockin Corporation is considering a machine that will save...

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Accounting

(Ignore income taxes in this problem.) Crockin Corporation is considering a machine that will save $24,000 a year in cash operating costs each year for the next six years. At the end of six years it would have no salvage value. If this machine costs $93,336 now, the machine's internal rate of return is closest to:

Click here to view Exhibit 8B-1 and Exhibit 8B-2 to determine the appropriate discount factor(s) using tables.

12%

13%

14%

15%

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