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46 47 formation on assumed capital investments in the current year for Google and Apple follow: 48 49 S billions Google Apple 50 Initial investment

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46 47 formation on assumed capital investments in the current year for Google and Apple follow: 48 49 S billions Google Apple 50 Initial investment $(2.42) S(2.12) 51 Required internal rate of return on investmer 15% 10% 52 Useful Life 7 years 53 Annual Cash Flows 54 10 years 55 red 1 Using the information provided, calculate the amount of annual cash flows that Google and Apple must marn from these projects to achieve their respective internal rate of 2 Locate and access Google's and Apple's financial statements for the fiscal year ended 2017 (also known , mal reports or Form 10-K) Refer to Google's 2017 financial statements and identify the actual amount that Google invested in capital mets for the year 2017 Refer to Apple's 2017 financial statements and identify the actual amount that Apple invested in capital sets for the year 2017 a. Which company invested more in capital assets in 2017. whe SEC maintains the EDGAR (Electronic Data Gathering. Analysis and Retrieval) database ar SEC gov for US files. The Form 10-K the annual report for format y access the annual reports directly from the company's website as well (swally under Investor relations)

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