Glamour Accessories is considering an equipment investment that will cost $$925,000.$ Projected net cash inflows over the equipment's three$-$year life are as follows: Year $1$: $$494,000$; Year $2$:$$386,000$; and Year $3$:$$302,000.$ Glamour 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 Glamour $\text{'}$s hurdle rate of $12\%$ to begin the trial$-$and$-$error process.$)$ Use a business calculator or spreadsheet to compute the exact IRR. $q,$

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 $$