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GTO Incorporated is considering an investment costing $224,840 that results in net cash flows of $35,000 annually for 13 years. (PV of $1, EV of

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GTO Incorporated is considering an investment costing $224,840 that results in net cash flows of $35,000 annually for 13 years. (PV of $1, EV of $1, PVA of $1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. (a) What is the internal rate of return of this investment? (b) The hurdle rate is 12.5%. Should the company invest in this project on the basis of internal rate of return

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