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Flint Company is contemplating an investment costing $193,720. The investment will have a life of 8 years with no salvage value and will produce
Flint Company is contemplating an investment costing $193,720. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $35,000. Click here to view PV tables. What is the approximate internal rate of return associated with this investment? (Use the above table.) (Round answer to O decimal places, eg. 15%) Internal rate of return %
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Interpreting and Analyzing Financial Statements
Authors: Karen P. Schoenebeck, Mark P. Holtzman
6th edition
132746247, 978-0132746243
