Question
1- You buy a new piece of equipment for $22,816, and you receive a cash inflow of $3,100 per year for 10 years. UseAppendix Dfor
1- You buy a new piece of equipment for $22,816, and you receive a cash inflow of $3,100 per year for 10 years. UseAppendix Dfor an approximate answer but calculate your final answer using the financial calculator method.
What is the internal rate of return?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
