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can someone explain to me how this is 22? Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): $36,000

can someone explain to me how this is 22? image text in transcribed
Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): $36,000 $ 8,400 Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return 15 years 108 The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial Investment Click here to view Exhibit 138-1 and Exhibit 13B-2. to determine the appropriate discount factor(s) using the tables provided. The internal rate of return of the investment is closest to: Multiple Choice 22

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