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Present Value of Ordinary Annuity Period/Rate 5% 6% 7% 8% 10 7.7217 7.3601 7.0236 6.7101 9% 6.4177 11 8.3064 7.8869 7.4987 7.1390 6.8052 12

Present Value of Ordinary Annuity Period/Rate 5% 6% 7% 8% 10 7.7217 7.3601 7.0236 6.7101 9% 6.4177 11 8.3064 7.8869 7.4987 7.1390 6.8052 12 8.8633 8.3838 13 9.3936 8.8527 7.9427 8.3577 7.5361 7.1607 7.9038 7.4869 0000 Knowledge Check 01 Clean Tel, Incorporated 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? 6% 7% 9% 8%

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