$($Click the icon to view the present value annuity table.$)($Click the icon to view the present value factor table.$)$

Reference

to view the future value annuity table.$)$

$($Click the icon to view the future value factor table.$)$

Requirement

Use trial and error to find the IRR within a $2\%$ range. $($Hint: Use Tracey's hurdle rate of $8\%$ to begin the trial$-$and$-$error process.$)$ Use a business calculator or spreadsheet to compute the exact IRR.

Begin by calculating the NPV at three rates: $8\%,10\%,$ and $12\%.($Round your answers to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.$)$

The NPV at $8\%$ is