Problem $12-13($Algo$)$ Internal rate of return $[$LO$12-4]$

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:

Use Appendix B and Appendix D for an approximate answer but

calculate your final answer using the financial calculator method.

a$.$ Determine the internal rate of return.

Note: Do not round intermediate calculations. Enter your

answer as a percent rounded to $2$ decimal places.

Internal rate of return

b$.$ With a cost of capital of $11$ percent, should the equipment be

purchased?

Yes

No