Question
Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.) Investment required in equipment $680,000 Annual cash inflows $66,000 Salvage
| Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.) |
| Investment required in equipment | $680,000 |
| Annual cash inflows | $66,000 |
| Salvage value | $0 |
| Life of the investment | 20 years |
| Discount rate | 7% |
| Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables. |
| The internal rate of return on the investment is closest to: (Round discount factor(s) to 3 decimal places and final answer to the closest interest rate.) |
| 3% | |
| 5% | |
| 7% | |
| 9% |
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Profit First For Dentists Proven Cash Flow Strategies For Financial Freedom
Authors: Barbara Stackhouse, Drew Hinrichs, Mike Michalowicz
1st Edition
1735907804, 978-1735907802
