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K ng s Department Stores contemp lating thepurchase of a new mact ne atacost of S22.B02 The machine wii provoe S3 500 per year casn

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K ng s Department Stores contemp lating thepurchase of a new mact ne atacost of S22.B02 The machine wii provoe S3 500 per year casn s wfor nine years sogs nas a cost of capital of 10 percent. Use AppendixD for an approximate answer but calcutlale your final answer using the fnancial calcutator method a. What is the internal rate of return? (Do not round intermediate calculations Enter your answer as a percent rounded to 2 decimal places ) O Yes

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