Given the following cash flows, find the internal rate of return. Use an
interest rate of 1% as a starting point. Provide your answer as a
percentage to the nearest hundredth.
Year Cash Flow
0 -$85,000
1 $6,000
2 $6,000
3 $6,000
4 $6,000
5 $6,000
6 $6,000
7 $6,000
8 $6,000
9 $6,000
10 $40,000