Joetz Corporation has gathered the following data on a proposed Investment project (Ignore Income taxes. $39,500 $ 9,800 Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return 15 years 105 The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial Investment. Click here to view Exhibit 7B-1 and Exhibit 7B-2 to determine the appropriate discount factors) using the tables provided. The Internal rate of return of the Investment is closest to: Multiple Choice C) 26% Pray 7 9 ! Next >