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You buy a new piece of equipment for $22,816, and you receive a cash inflow...

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Accounting

image You buy a new piece of equipment for $22,816, and you receive a cash inflow of $3,100 per year for 10 years. Use A ppendix D for an approximate answer but calculate your final answer using the financial calculator method. What is the internal rate of return? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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