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A project is estimated to cost $ 4 0 2 , 3 6 0 and provide annual net cash flows of $ 1 2 0

A project is estimated to cost $402,360 and provide annual net cash flows of $120,000 for 5 years.
Present Value of an Annuity of $1 at Compound Interest
Year 6%10%12%15%20%
10.9430.9090.8930.8700.833
21.8331.7361.6901.6261.528
32.6732.4872.4022.2832.106
43.4653.1703.0372.8552.589
54.2123.7913.6053.3532.991
64.9174.3554.1113.7853.326
75.5824.8684.5644.1603.605
86.2105.3354.9684.4873.837
96.8025.7595.3284.7724.031
107.3606.1455.6505.0194.192
Determine the internal rate of return for this project, using the Present Value of an Annuity of $1 at Compound Interest table shown above.
fill in the blank 1 of 1
14.05
%

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