crab company is considering a project with an initial investment of $598,000 that is expected to produce cash inflows of $130,000 for 10 years. crabs required rate of return is 9%. what is the IRR of the project?

15. What is the IRR of the project? Start by calculating the Annuity PV factor. (Enter the factor amount to three decimal places, X.XXX.) Annuity PV factor The IRR of the project is Eeference Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.797 0.769 0.756 0.743 0.7180.694 Period 3 0.971 0.942 0.915 0.8890.864 0.840 0.816 0.7940.772 0.751 0.712 0.675 0.668 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.855 0.8230.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.6500621 0.567 0.519 0.497 0.476 0.437 0.402 Period 6 0.942 0.888 0.837 0 790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.456 0.432 0.410 0370 0.335 Period 7 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.4520.400 0.376 0.354 0.314 0.279 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.4040.351 0.327 0.305 0.266 0.233 Period 9 0.914 0.837 0.766 0.703 0.645 0.592 0544 0.500 0.460 0.424 0.361 0.308 0.284 0.263 0.226 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.3220 270 0247 0.227 0.191 0.162 Period 11 0.896 0.8040.722 0.660 0.585 0.5270475 0.429 0.388 03500 287 0237 0.215 0.1950 162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0257 0.208 0.187 0.1680.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0,469 | 0415 0.368 0.3260 290 0.229 0.1820.163 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0.4420388 0.340 0.299 0.263 0.2050.1600.141 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.5550481 0.417 | 0 362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 Period 16 0.853 0.7280.623 0.534 0.458 0.394 0339 0292 0.252 0218 0.1630 1230.107 0.093 0.0710054 Period 17 0.844 0.7140.605 0.513 0.436 0.371 0317 0270 0.231 0 198 0.1460 1080093 0.0800060 0.045 2 In 12 11 10 10 005 ORO 051 25 0720 ORI no 1 OR Darind 1 In RL70 L 527 Print Done 2% Present Value of Ordinary Annuity of $1 Periods 1% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.6901.647 1.626 Period 3 2.9412.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2402 2.322 2.283 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.865 Period 5 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 Period 6 5.795 5.601 5.417 5.2425.076 4.917 4.767 4.623 4.4864.355 4.111 3.889 3.784 Period 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5,033 4.8684.564 4.288 4.160 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.487 Period 9 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6 247 5.9955.759 5.328 4.946 4.772 Period 10 9.471 8.983 8.530 8.111 77227.360 7.0246.710 6.418 6.145 5.6505.216 5.019 Period 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5.453 5.234 Period 12 11.255 10.575 9.954 9.385 8.863 8.384 7.9437.536 7.1616.814 6.1945.660 5.421 Period 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.8425.583 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.7867.3676.628 6.002 5724 Period 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.6066.811 6.142 5.847 Period 16 14.718 13.578 12.561 11.652 10 838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 5.954 Period 17 15.562 14.292 13.166 12. 166 11.274 10.4771 9.763 9.122 8.544 8.022 7.1206.373 6.047 0.75 0201 Deriod. 18 7.050 16 308 14 002 12 754 12 650 111 on 110 2 10 9501 0.372 R17 129 Print Done