Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $50,000. The annual cash inflows for the next three years will be:

Year	Cash Flow
1		$	25,000
2			23,000
3			18,000

Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the financial calculator method.

a.	Determine the internal rate of return using interpolation. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Internal rate of return

%