Question 5 of 50 > View Policies -/5! Current Attempt in Progress Flounder Company is contemplating an investment costing $149,380. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $28,000. Click here to view PV tables. What is the approximate internal rate of return associated with this investment? (Use the above table.) (Round answer to O decimal places, e.g. 15%) Internal rate of return Save for Later Attempts: 0 of 1 used Submit Answer