Chandler Chairs is considering an equipment investment that will cost $945,000.

Projected net cash inflows over the? equipment's three-year life are as? follows: Year? 1:$490,000?;

Year? 2: $402,000?; and Year? 3: $282,000. Chandler wants to know the? equipment's IRR.

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?(Click the icon to view the present value annuity? table.)

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?(Click the icon to view the present value factor? table.)

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?(Click the icon to view the future value annuity? table.)

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?(Click the icon to view the future value factor? table.)

Requirement

Use trial and error to find the IRR within a? 2% range.

?(Hint?:

Use Chandler?'s hurdle rate of 10?% to begin the? trial-and-error process.) Use a business calculator or spreadsheet to compute the exact IRR. Begin by calculating the NPV at three? rates:

10?%,

12?%,

and

1414?%.

?

Begin by calculating the NPV at three? rates: 10?%, 12?%, and 14?%. ?(Round your answers to the nearest whole dollar. Use parentheses or a minus sign for negative net present? values.)