What is the internal rate of return

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Question - Keita Knightly Company buys a piece of equipment for $36,442 that will last for 7 years. The equipment will generate cash flows of $7000 per year and will have no salvage value at the end of its life. Ignore taxes unless told to include them. What is the internal rate of return?

14%

12%

10%

8%

Reference no: EM132011285

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