Current Attempt in Progress

Bramble Corporation is considering investing in a new facility. The estimated cost of the facility is $$2,330,000.$ It will be used for $12$

years, then sold for $$757,000.$ The facility will generate annual cash inflows of $$425,000$ and will need new annual cash outflows of

$$192,000.$ The company has a required rate of return of $5\%.$

Calculate the internal rate of return on this project, and discuss whether the project should be accepted. $($Round answer to $0$ decimal

places, e$.$g$.13\%.)$

Internal rate of return

The project should be