You buy a new piece of equipment for $26,634 and you receive a cash inflow of $4,300 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?

You buy a new piece of equipment for $26,634, and you receive a cash inflow of $4,300 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 %