The company buys an asset that costs $17,200 and returns net cash flow of $2,000 per year for 4 years, followed by $2,200 per year for 8 years. Find the assets internal rate of return.

Question 18 options:

1)

7.17%

2)

7.03%

3)

6.97%

4)

6.57%

5)

6.35%

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