Problem $4-73$ Break$-$Even Investment Returns

Your financlal planner offers you two different Investment plans. Plan $x$ is a perpetulty with $$17,000$ annual payments. Plan $Y$ is an

annulty with $17$ annual payments of $$24,000.$ Both plans will make thelr first payment one year from today. At what discount rate would

you be Indifferent between these two plans?

Note: Do not round Intermedlate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Discount rate