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An investment of $185,575 is expected to generate returns of $65,000 per year for each of the next 4 years.

Following is a table for the present value of $1 at compound interest:

Year	6%	10%	12%	15%
1	0.943	0.909	0.893	0.870
2	0.890	0.826	0.797	0.756
3	0.840	0.751	0.712	0.658
4	0.792	0.683	0.636	0.572
5	0.747	0.621	0.567	0.497

Following is a table for the present value of an annuity of $1 at compound interest:

Year	6%	10%	12%	15%
1	0.943	0.909	0.893	0.870
2	1.833	1.736	1.690	1.626
3	2.673	2.487	2.402	2.283
4	3.465	3.170	3.037	2.855
5	4.212	3.791	3.605	3.353

What is the investment's internal rate of return? fill in the blank 1 of 1%