Osterwitz Company is evaluating an investment of $1,000,000 which will yield cash flows of $142,400 per year for 10 years with no residual value. What is the internal rate of return? (Please choose the rate that is closest to the actual solution.)

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The Answer of Osterwitz Company is evaluating an investment of $1,000,000 which will yield cash flows of $142,400 per year for 10 years with no residual value. What is the internal rate of return? (Please choose the rate that is closest to the actual solution.)

Osterwitz Company Is Evaluating an Investment of $1,000,000 Which Will