12. Using Key Formula #2 (see Handout #2), what would be the internal rate of return (IRR) for a $244,605 investment that provides a $22,000 annual benefit (i.e. annuity) for 15 years? Show your work below and attach an Excel IRR template printout (ie. Handout #3) to the end of this quiz to prove your analysis. a-2% or less b.-4% C. ~690 d. ~890 e, ~10% or higher