Question

4)You buy a new piece of equipment for $27,729, and you receive a cash inflow of $4,400 per year for 14 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 %  rev: 02_11_2015_QC_CS-7555

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