Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $281,659, would have a useful life of 7 years, and would have no salvage value. The tractor-trailer would be used in the company's hauling business, resulting in additional net cash inflows of $79,000 per year. The internal rate of return on the investment in the tractor-trailer is closest to (Ignore income taxes.): ??? refer to multiple choice

Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.

• 19%

• 20%

• 14%

• 16%