An Asset required an initial investment of $$14,705$ and is expected to generate $$5,000$ in net cash flows in each year of its $3-$yr$.$ life. Step $1$: Compute the present value factor for the investment

Present value factor $=$ Initial investment $\frac{?}{?}$ Annual net cash flows $=$$$14,\frac{705}{\text{\$}}5,000=?$

Using the Table below, identify what is the closest discount rate to $?$ that you calculated. This discount rate is the IRR$-$Internal rate of return. The internal rate of return for this Asset would be $($Ignore the number that is in bold$)$

$\backslash$table$[[$Pertods$,\backslash$table$[[$Present Value of an Annulty of $1$ for Three Periods$],[$Discount Rate$]]],[1\%,5\%,10\%,128,15\%$