Question
Shields Company has gathered the following data on a proposed investment project: Investment required in equipment $700,000 Annual cash inflows $76,000 Salvage value $0 Life
Shields Company has gathered the following data on a proposed investment project: Investment required in equipment $700,000 Annual cash inflows $76,000 Salvage value $0 Life of the investment 20 years Discount rate 8% The internal rate of return on the investment is closest to:
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Accounting For Inventory
Authors: Steven M. Bragg
1st Edition
1938910222, 9781938910227
