E12-49B (similar to) Chandler Chairs is considering an equipment investment that will cost $910,000. Projected net cash inflows over the equipment's three-year life are as follows: Year 1: $486,000; Year 2: 5402,000; and Year 3: $288,000. Chandler wants to know the equipment's IRR. (Click the icon to view the present value annuity table.) (Click the icon to view the present value factor table.) (Click the icon to view the future value annuity table.) (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 12% 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: 12%, 14%, and 16%. (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.) The NPV at 12% is $ SEE 7.716 8998 13.28 Done Future Value of Annuity of $1 Print + ... > = 6.633 6.802 7.898 8.142 9.214 9.549 # - 2% 1.434 0.000 . 1 A * 07 09 = = = N CONOO OOO = 2 A Reference 5 - J > T ___ IN ___ | | = = = _ _ Done - - - Present Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Print >> j = = P OM d 2 - ~~== - d = PEN * Reference 48 - J > A Reference Reference Future Value of $1 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Periods 3% OOOOO 12% 14% 1.140 1.300 1.482 1.561 - Mojun to wang; OOOOOOOOOO 628888888888 98% SE 8888888 DOOOOOOOOOOOOOOOOOO OOOOO OOOOO OOOOO OOOOO OOOOO ooooo OOOOOOOOOOOOOOOOOOO 888 8888 898 38g mico MONOFAS Noo OOOOO SOOOOOOO OOOOO OOOO 10 and OOOOO ww OOOOOOOOO 7998 OOOOOOOOO 038 CH OOOOOOOOO immo mimisto88 1946 SANS 1006 95 950 378.721 750.378 237 378 469 77 Print Done Print Done