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Calculator Below is a table for the present value of $1 at compound interest. Year 6% 0.943 0.890 0.840 0.792 0.747 10% 0.909 0.826 0.751

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Calculator Below is a table for the present value of $1 at compound interest. Year 6% 0.943 0.890 0.840 0.792 0.747 10% 0.909 0.826 0.751 0.683 0.621 12% 0.893 0.797 0.712 0.636 0.567 Below is a table for the present value of an annuity of $1 at compound interest. 8-NM 6% 0.943 1.833 2.673 3.465 4.212 10% 0.909 1.736 2.487 3.170 3.791 0.893 1.690 2.402 3.037 3.605 Using the tables above, what would be the internal rate of return of an investment that required an investment of $227.460 and would generate an annual cash inflow of $60,000 for the next 5 years? a. 10% b. 12% c. 6% Od cannot be determined from the data given

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