Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes): $37,000 $ 8,800 Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return 15 years 10% The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment Click here to view Exhibit 1281 and Exhibit 128.2 to determine the appropriate discount factors) using the tables provided. The internal rate of return of the investment is closest to