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Franklin Mountain Corporation is analyzing a capital expenditure that will involve a cash outlay of $146,040. Estimated net cash flows are expected to be $30,000
Franklin Mountain Corporation is analyzing a capital expenditure that will involve a cash outlay of $146,040. Estimated net cash flows are expected to be $30,000 annually for seven years. The estimated annual net income is expected to be $760.284. The present value factors for an annuity of $1 for 7 years are 6% 8% 10% 12% 5.582 5 206 4.868 4564 The internal rate of return (IRR) for this investment is Multiple Choice 10
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