Joetz Corporation has gathered the following data on a proposed investment project (Ignore Income taxe $37.000 $ 8,000 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 Inve Click here to view Exhibit78-1 and Exhibit 78-2. to determine the appropriate discount factors) using the tables provided The Internal rate of return of the Investment is closest to: Multiple Choice 0 0 23% 0 0 Next >