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You buy a new piece of equipment for $20, 767, and you receive a cash inflow of $2, 900 per year for 12 years. Use

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You buy a new piece of equipment for $20, 767, and you receive a cash inflow of $2, 900 per year for 12 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? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Internal rate of return %

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