Answer:
10%
[($74,035 ÷ $17,000) = 4.355, the present value of an annuity factor for six periods at 10%, from Exhibit 2]
Friday, October 26, 2018
A project is estimated to cost $74,035 and provide annual net cash flows of $17,000 for six years.
A project is estimated to cost $74,035 and provide annual net cash flows of $17,000 for six years. Determine the internal rate of return for this project, using Exhibit 2.
Answer:
10%
[($74,035 ÷ $17,000) = 4.355, the present value of an annuity factor for six periods at 10%, from Exhibit 2]
Answer:
10%
[($74,035 ÷ $17,000) = 4.355, the present value of an annuity factor for six periods at 10%, from Exhibit 2]
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