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Given the following data, what product would you purchase and why? Why product is the better buy? = period O 1 interest = 4% product

Given the following data, what product would you purchase and why? Why product is the better buy?

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= period O 1 interest = 4% product 1 NCE ($24,000) $8,000 $8,000 $8,000 $8,000 $8,000 2 3 4 product 2 NCF ($55,000) $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 $11,000 5 6 7 00 8 9 10 INTERNAL RATE of RETURN 20% 15%

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