Question
You buy a new piece of equipment for $13,743, and you receive a cash inflow of $2,200 per year for 9 years. UseAppendix Dfor an
You buy a new piece of equipment for $13,743, and you receive a cash inflow of $2,200 per year for 9 years. UseAppendix Dfor an approximate answer but calculate your final answer using the financial calculator method.
What is the internal rate of return?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
