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Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $349,472, would have a useful life of 7 years, and would have

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Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $349,472, 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 $81,500 per year. The internal rate of return on the investment in the tractor-trailer is closest to (Ignore income taxes.): Click here to view Exhibit 12B-1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using the tables provided. Multiple Choice 0 O 14% 0 O 13% 0 16% 0 11%

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