Internal Rate of Return Method

The internal rate of return method is used by Royston Construction Co$.$ in analyzing a capital expenditure proposal that involves an investment of $$132,620$ and annual net cash flows of $$36,000$ for each of the six years of its useful life.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.

Open spreadsheet

Determine the internal rate of return for the proposal. $\%$