ezto.mheducation.com AA Saved Help Save & ek 8: Quiz i Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment $36, 000 Annual cash inflows $ 8, 400 Salvage value of equipment $ 0 ints Life of the investment 15 years Required rate of return 10% Book 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 24% O 22% O 20% O 26% Grav a 5 O 8 R