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Home Security Systems is analyzing the purchase of manufacturing equipment that will cost \$44,000. The annual cash inflows for the next three years...

Home Security Systems is analyzing the purchase of manufacturing equipment that will cost \$44,000. The annual cash inflows for the next three years will be:

Year Cash flow
1 \$ 22,000
2 20,000
3 15,000

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(a)
Determine the internal rate of return using interpolation. Use Appendix D. (Round "PV Factor" and intermediate to 3 decimal places. Round final answer to 2 decimal places. Omit the "%" sign in your response.)

Internal rate of return %

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