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Investment $90,000 Cash flows/year $27,000 Hurdle rate 14% Interest rate PV of an annuity of $1 factor for year 5 10% 3.7908 12% 3.6038 14%

Investment $90,000

Cash flows/year $27,000

Hurdle rate 14%

Interest rate PV of an annuity of $1 factor for year 5

10% 3.7908

12% 3.6038

14% 3.4331

Calculate IRR to determine whether it should be accepted.

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