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Chow Company has gathered the following information on an investment project: Initial investment .................. $169,809 Annual cash inflows ................. $ 30,000 Cost of capital .....................

Chow Company has gathered the following information on an investment project: Initial investment .................. $169,809 Annual cash inflows ................. $ 30,000 Cost of capital ..................... 20% Life of project ..................... 12 years Calculate the internal rate of return for this investment project. Enter your answer as a number (i.e., 85). Do not put the percentage symbol (%) after your number. Also, do not enter your answer as a decimal (i.e., .85). You will need to use the present value table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to weeks 13 & 14. Click on the link labeled present value table factors. No credit will be awarded for this question using a means other than these table factors to answer this question.

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