Ecore: 0 of 3 pts 9 of 10 (2 complete) HW Score: 13.04%, 6 of 46 pts 10-15 (similar to) Question Help Internal rate of return Peace of Mind, Inc (PMI) sells extended warranties for durable consumer goods such as washing machines and refrigerator. When PM extended warranty, it receives cash up front from the customer, but the PMI most cover any repair costs that we Annwys working for PMI is considering a warranty for a new line of big-screen TVs. A consumer who purchases the 2-year warranty will pay PM $206. On average, the repair cuts that PMI must cover will $101 for each for the warranty's 2 years. PMI has a cost of capital of 7%, should offer this warranty for sale The Internal rate of return (IRR) for this project in 1%. (Round to two decimal places) Ecore: 0 of 3 pts 9 of 10 (2 complete) HW Score: 13.04%, 6 of 46 pts 10-15 (similar to) Question Help Internal rate of return Peace of Mind, Inc (PMI) sells extended warranties for durable consumer goods such as washing machines and refrigerator. When PM extended warranty, it receives cash up front from the customer, but the PMI most cover any repair costs that we Annwys working for PMI is considering a warranty for a new line of big-screen TVs. A consumer who purchases the 2-year warranty will pay PM $206. On average, the repair cuts that PMI must cover will $101 for each for the warranty's 2 years. PMI has a cost of capital of 7%, should offer this warranty for sale The Internal rate of return (IRR) for this project in 1%. (Round to two decimal places)