The internal rate of return method is used by Royston construction Co. in analyzing a capital expenditure proposal that involves investment of 95,361 an annual net cash flows of 19,000 for each of the 10 years of it's useful life

Investment of $95,361 and annual net cash flows of $19,000 for each of the 10 years of its useful life. Present Value of an Annuity of $1 at Comonund Interact a. Determine a present value factor for an annulty of \$1, which can be used in determining the internal rate of retum. If required, round your answer to three decimal places. b. Using the factor determined in part (a) and the present value of an annuity of $1 table above, determine the internal rate of return for the proposal