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5) A project requiring an immediate investment of $150 000 and a further outlay of $60 000 after four years has a residual value

5) A project requiring an immediate investment of $150 000 and a further outlay of $60 000 after four years has a residual value of $50 000 after nine years. The project yields a negative net return of $10 000 in Year 1. a zero net return in Year 2, $60 000 per year for the following four years, and $70 000 per year for the last three years. Find the rate of return (correct to the nearest tenth of a percent). 18.261192 17.261192% 16.261192 17.267792 % 17.26129%

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