Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.)

Investment required in equipment	$620,000
Annual cash inflows	$86,000
Salvage value	$0
Life of the investment	10 years
Discount rate	6%

Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables.

The internal rate of return on the investment is closest to: (Round discount factor(s) to 3 decimal places and final answer to the closest interest rate.)

	6%
	8%
	4%
	2%