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Midize Flower Company provides flowers and other nursery products for decorative purposes in medium to large sized restaurants and businesses. The company has been investigating

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Midize Flower Company provides flowers and other nursery products for decorative purposes in medium to large sized restaurants and businesses. The company has been investigating the purchase of a new specially equipped van for deliveries. The van has a value of $66, 645 with a seven-year life. The expected additional cash inflows are $15,000 per year. What is the internal rate of return? A) 10% B) 13% C) 15% D) 20%

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