Internal rate of return, You buy a new piece of equipment

Internal rate of return

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You buy a new piece of equipment for $12, 539, and you receive a cash inflow of $2, 100 per year for 8 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 %

Reference no: EM131593848

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