XYZ Machines Company is evaluating an investment of $1,100,000 which will yield net cash inflows of $197.062 per year for 7 years with no residual value. What is the internal rate of return? Present value of ordinary annuity of $1: 5% 6% 7% 8% 0.943 0.935 0.926 2 0.952 1.859 2.723 1.833 1.808 1.783 3 2.673 2.624 4 3.546 3.465 3.387 2.577 3.312 3.993 4.623 5 4.329 4.212 4.100 6 5.076 7 5.786 5.206 4.917 5.582 6.21 6.802 8 6.463 4.767 5.389 5.971 6.515 7.024 5.747 9 7.108 6.247 10 7.722 7.36 6.71