please show all work and explain

4) 24%

Joetz Corporation has gathered the following data on a proposed investment project (ignore income taxes): The company uses straight-line depreciation on all equipment. Assume cash fiows occur uniformly throughout a year except for the initial investme Click here to view Exhibit 14B-1 and Exhibit 148-2, to determine the appropriate discount factor(5) using the tables provided. The internal rate of return of the investment is closest to Mutiple Choice 228 20% 18\&