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Kunkle Company wishes to eam 12% annually on its investments. If Kunkle makes an investment that equals or exceeds that rate, it considers it a

Kunkle Company wishes to eam 12% annually on its investments. If Kunkle makes an investment that equals or exceeds that rate, it considers it a success. Assume that Kunkle Invests $3.4 million and gets $680,000 in return at the end of each year for X years. Assume that Kunkle can't invest for fractional parts of a year What is the minimum value of X (number of years) for which Kunkle will consider the investment a success? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole number (EV.of$1. PV of $1 PVA of $1.PVA of 5. EVAD of $1 and PVAD of $1 Multiple Choice O O O 6 years 7 years 9 years 4 years

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