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Microsoft Company has gathered the following data on a proposed Investment project (Ignore income taxes.) Investment required in equipment Annual cash inflows Salvage value of

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Microsoft Company 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 $34,000 $ 7,600 $ 15 years 10% The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for he initial investment Click here to view Exhibit 7B-1 and Exhibit 7B-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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