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A firm buys a new piece of equipment for $14,761 and will receive a cash flow of $2,300 per year for ten years. What is

A firm buys a new piece of equipment for $14,761 and will receive a cash flow of $2,300 per year for ten years.

What is the IRR? Use Appendix D. (Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole percent.)

IRR %

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