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Present Value of Ordinary Annuity 7% 6% 8% Period/Rate 10 7.7217 7.3601 7.0236 6.7101 6.4177 8.30647.8869 7.4987 7.1390 6.8052 8.8633 8.38387.9427 7.5361 7.1607 9.3936 8.8527

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Present Value of Ordinary Annuity 7% 6% 8% Period/Rate 10 7.7217 7.3601 7.0236 6.7101 6.4177 8.30647.8869 7.4987 7.1390 6.8052 8.8633 8.38387.9427 7.5361 7.1607 9.3936 8.8527 8.3577 7.9038 7.4869 12 13 Knowledge Check 01 Clean Tel, Inc. is considering investing in an 11-year project with annual cash inflows of $1,000,000. These cash inflows have an initial investment of $7,139,000. At what discount rate would this present value be the same as the initial investment? 0 696 7% 9% 8%

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