Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gold Miners Inc is considering an gold extraction project that requires an initial investment of $182,220 and will yield annual cash inflows of $60,000 for

image text in transcribed
Gold Miners Inc is considering an gold extraction project that requires an initial investment of $182,220 and will yield annual cash inflows of $60,000 for four years. The company's minimum rate of return rate 14%. The internal rate of return for this project is %. n/i 1 2 Present Value of an $1 12% 13% 14% 0.893 0.885 0.877 0.797 0.783 0.769 0.712 0.693 0.675 0.636 0.613 0.592 0.567 0.543 0.519 15% 0.87 0.756 0.658 0.572 0.497 3 4 5 3. Present Value of an Ordinary Annuity n/ 12% 13% 14% 15% 1 0.893 0.885 0.877 0.87 2 1.69 1.668 1.647 1.626 3 2.402 2.361 2.322 2.283 4 3.037 2.974 2.914 2.855 3.605 3.517 3.433 3.352

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Connect For Computer Accounting With Quickbooks Online

Authors: Donna Kay

2nd Edition

1264152272, 9781264152278

More Books

Students also viewed these Accounting questions