K Beauty Brushes 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: $502,000; Year 2: $390,000; and Year 3: $290,000. Beauty 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 Beauty's hurdle rate of 12% to begin the trial-and-error process.) Use a 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