Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): $ 40,000 $ 10,000 $0 Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return 15 years 10% The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The internal rate of return of the investment is closest to:

Joets Corporation has gathered the following data on a proposed investment project (tgnore incorme takes) The company uses straight line depreciaton on all oquipment. Assume cash flows occur uniformly throughout yeor except for the initul investment