15 042719 TB MC Qu. 14-108 (Static) Joetz Corporation has gathered... Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.). Investment required in equipment Annual cash inflows i Salvage value of equipment Life of the investeent Required rate of return $ 30,000 $ 6,000 $ 0 15 years 10% References The company uses straight-line depreciation on all equipment Assume cash flows occur uniformly throughout a year except for the initial investment Click here to view Exhibit 148-1 and Exhibit 148-2. to determine the appropriate discount factor(s) using the tables provided. The internal rate of return of the investment is closest to Multiple Choice O O 16% 18% 20% 22%