Question
1. A project is estimated to cost $524,860 and provide annual net cash flows of $115,000 for 7 years. Determine the internal rate of return
1. A project is estimated to cost $524,860 and provide annual net cash flows of $115,000 for 7 years. Determine the internal rate of return for this project, using the Present Value of an Annuity table from Exhibit 5 on page 573 of your textbook.
A) 7%
B) 11.8%
C) 12.0%
D)12.3% PLEASE SHOW ALL THE STEPS AND FORMULA PLEASE WRITE CLEARLY
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
