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3. (7 Marks) RNO Ltd. just invested $107,000 into a new local network. Services provided by the network will bring $21,000 per year in the

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3. (7 Marks) RNO Ltd. just invested $107,000 into a new local network. Services provided by the network will bring $21,000 per year in the next 6 years. The following information is given: - Current MARR = 18% COR3800/Winter 2023 Assignment #4 Page 1/2 - expected annual inflation = 5.2% - the network will be sold for salvage after 6 years; its depreciation rate is 20% (Declining Balance) - All Cashflow values, including salvage, are in real dollars Is this a good investment measured by the internal rate of return

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