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What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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**Problem 12-11 Internal Rate of Return [LO12-4]** You buy a new piece of equipment for $31,706, and you receive a cash inflow of $4,200 per year for 17 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: ____ % --- *Note: The page also features a navigation section with "Prev" and "Next" buttons indicating the user is on page 8 of a 20-page document.*
Transcribed Image Text:**Problem 12-11 Internal Rate of Return [LO12-4]** You buy a new piece of equipment for $31,706, and you receive a cash inflow of $4,200 per year for 17 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: ____ % --- *Note: The page also features a navigation section with "Prev" and "Next" buttons indicating the user is on page 8 of a 20-page document.*
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