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A solar panel has an installed cost of $2,500, and it reduces the homeowner?s energy bill by $32 per month. The residual value of the

A solar panel has an installed cost of $2,500, and it reduces the homeowner?s energy bill by $32 per month. The residual value of the solar panel is negligible at the end of its 11-year life. What is the annual effective IRR of this investment? The annual effective IRR of this investment is . (Round to two decimal places.)

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