Sterling wetzel has just invested 345500 in a restaurant, Financial Accounting

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Sterling wetzel has just invested 345500 in a restaurant

Sterling Wetzel has just invested $345,500 in a restaurant specializing in German food. He expects to receive $50,794 per year for the next nine years. His cost of capital is 5.45 percent. Compute the internal rate of return. Enter your answer as a whole percentage value (for example,16% should be entered as "16" in the answer box).

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Financial Accounting: Sterling wetzel has just invested 345500 in a restaurant

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