Question
(Ignore income taxes in this problem.) The following data pertain to an investment project: Click here to view Exhibit 8B-1 and Exhibit 8B-2 to determine
(Ignore income taxes in this problem.) The following data pertain to an investment project: Click here to view Exhibit 8B-1 and Exhibit 8B-2 to determine the appropriate discount factor(s) using tables.
| Investment required | $ | 9,424 | |
| Annual savings | $ | 2,000 | |
| Life of the project | 7 | years | |
The internal rate of return is closest to:
9%
10%
11%
12%
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
