Financial & Managerial ACCUUNI ALLI LIUU US Weygandt, Financial & Managerial Accounting, 2e Practice Assignment Gradebook ORION Downloadable eTextbook Assignment FULL SCREEN PRINTER VERSION BACK RCES Multiple Choice Question 108 Pina Colada, Inc. is considering purchasing equipment costing $56000 with a 6-year useful life. The equipment will provide annual cost savings of $13622 and will be depreciated straight-line over its useful life with no salvage value. Pina Colada requires a 10% rate of return. Period 6 8% 4.623 Present Value of an Annuity of 1 9% 10% 11% 12% 4.486 4.355 4.231 4.111 15% 3.784 What is the approximate internal rate of return for this investment? 10% 11% Study Question Attempts: 0 of 1 used