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1 3 XYZ Machines Company is evaluating an investment of $1,100,000 which will yield net cash inflows of $197.062 per year for 7 years with no residual value. What is the internal rate of return? Present value of ordinary annuity of $1: 596 696 7% 8% 0.952 0.943 0.935 0.926 2 1.859 1.833 1.808 1.783 2.723 2.673 2.624 2.577 3.546 3.465 3.387 3.312 4.329 4.212 4.100 3.993 5.076 4.917 4.767 4,623 5.786 5.582 5.389 5.206 6.463 6.21 5.971 5.747 9 7.108 6.802 6.515 6.247 10 7.722 7.36 7.024 6.71 4 5 6 7 8