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Bau Long - Haul, Incorporated, is considering the purchase of a tractor - trailer that would cost $ 3 4 9 , 4 7 2

Bau Long-Haul, Incorporated, is considering the purchase of a tractor-trailer that would cost $349,472, would have a useful life of 7 years, and would have no salvage value. The tractor-trailer would be used in the company's hauling business, resulting in additional net cash inflows of $81,500 per year. The internal rate of return on the investment in the tractor-trailer is closest to (Ignore income taxes):
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.
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