Payback Period, IRR. and Minimum Cash Flows The management of Mohawi Limited is currently evaluating the following investment proposal: Time 0 Year 1 Year 2 Year 3 Year 4 Ini invent $210.000 (Net Berts 5 ws 70.000 70000 70.000 70.000 ta) Determine the proposals payback period years (b) Determine the proposals internal rate of return (Refer to Appendix 248 you use the table approach) Given the amount of the initial investment determine the minimum annual net cash innows required to obtain an interna rate of return of 14 percent Round the answer to the nearest dollar Check Previous Save Answers Next