Compute what is the internal rate of return

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Problem

Keira Knightley Company buys a piece of equipment for $36,442 that will last for 7 years. The equipment will generate cash flows of $7,000 per year and will have no salvage value at the end of its life. Ignore taxes unless told to include them. What is the internal rate of return?

A14%
B12%
C10%
D8%.

Reference no: EM131801549

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