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What is the internal rate of return? (Do not round intermediate calculations.
$ 15.00

You buy a new piece of equipment for $13,743, and you receive a cash inflow of $2,200 per year for 9 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.)

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