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An investment that costs $214,745 will reduce operating costs by $34,600 per year for 11 years. Determine the internal rate of return of the investment

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An investment that costs $214,745 will reduce operating costs by $34,600 per year for 11 years. Determine the internal rate of return of the investment (ignore taxes). (Round present value factor calculations to 4 decimal places, eg. 1.2151 and final answer too decimal places, eg. 17%) Click here to view factor tables Internal rate of return Should the investment be undertaken it the required rate of return is 15 percent? The investment be undertaken A company is making an investment of $2,424.630 that will yield the following cash flows: Year 1 Year 2 Year 3 Year 4 Year 5 $227,800 $439.600 $608,500 $876,200 $1.161.737 Click here to view factor tables What is the internal rate of return of the investment? (Round present value factor calculations to 4 decimal places, eg. 1.2151 and final answer to decimal places, eg. 12% Internal rate of return

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