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48) (Appendix 13A) The following data are available on a proposed investment project: Initial investment 142,500 Annual Cash Inows $30,000 Life of the investment 8
48) (Appendix 13A) The following data are available on a proposed investment project: Initial investment 142,500 Annual Cash Inows $30,000 Life of the investment 8 years Required Rate of Return 0% Which of the following statements best describes the internal rate of return on the proposed investment project? (Ignore income taxes in this problem.) A) It is between 12% and 13%. B) It is between 13% and 14%. C) It is between 11% and 12%. D) It is less than the required rate of return
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
5th Edition
126078035X, 978-1260780352
