King's Department Store is contemplating the purchase of a new machine at a cost of $13,936. The machine will provide $3,200 per year in cash flow for six years. King's has a cost of capital of 11 percent. Use AncengiD for an approximate answer but calculate your final answer using the financial calculators method. a. 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

Answer rating: 100% (QA)

To calculate the internal rate of return IRR for Kings Department Sto... View the full answer