Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $72,000. The annual cash inflows for the next three years will be:

Year	Cash Flow
1	$ 36,000
2	34,000
3	29,000

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

Determine the internal rate of return.

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

Internal rate of return

%