Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes ) Investment required in equipment $ 36,000 Annual cash inflows $ 8,400 Salvage value of equipment $ 0 Life of the investment 15 years Required rate of return 10 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 12B 1 and Exhibit 12B 2, to determine the appropriate discount factor(s) using the tables provided The internal rate of return of the investment is closest to Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes ) Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return $36,000 $ 8,400 $ 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 Click here to view Exhibit 12B 1 and Exhibit 12B 2, to determine the appropriate discount factor(s) using the tables provided The internal rate of return of the investment is closest to

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Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment $ 36,000 Annual cash inflows $

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.):


Investment required in equipment	$	36,000
Annual cash inflows	$	8,400
Salvage value of equipment	$	0
Life of the investment		15	years
Required rate of return		10	%

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 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.

The internal rate of return of the investment is closest to:

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Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return $36,000 $ 8,400 $ 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. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The internal rate of return of the investment is closest to