You buy a new piece of equipment for 12 539 and you receive, Financial Management

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You buy a new piece of equipment for 12 539 and you receive

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 %

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Financial Management: You buy a new piece of equipment for 12 539 and you receive

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