Problem 12-11 Internal rate of return [LO12-4] You buy a new piece of equipment for $20,767, and you receive a cash inflow of $2,900 per year for 12 years. Use Appendix D for an approximate answer but calculate your final answer using the financial calculator method What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Internal rate of return