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You buy a new piece of equipment for $18,965, and you receive a cash inflow of $2,700 per year for 10 years. Use Appendix D

You buy a new piece of equipment for $18,965, and you receive a cash inflow of $2,700 per year for 10 years. Use Appendix D for an approximate answer but calculate your final answer using the financial calculator method.

What is the internal rate of return?

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