Q36

Below is a table for the present value of $1 at compound interest 12% 10% 6% Year 0.893 0.909 0.943 0.797 0.826 0.890 0.712 0.751 0.840 0.636 0.683 0.792 0.567 0.747 0.621 Below is a table for the present value of an annuity of $1 at compound interest. 10% 12% 6% Year 0.909 0.893 0.943 1.736 1.690 1.833 2.487 2.402 2.673 4170 3.791 3.037 3.465 4.212 3.605 Using the tables above, what would be the internal rate of return of an investment that required an investment of $227,460 and would generate an annual cash inflow of $60,000 for the next 5 years? Ca. 10% Ob 1296 . 6% Od. cannot be determined from the data given