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Table 11B Cost of new equipment $ 50,000 Life of equipment 6 years Annual net cash flow (after tax) $ 12,000 Salvage value of equipment
Table 11B Cost of new equipment $ 50,000 Life of equipment 6 years Annual net cash flow (after tax) $ 12,000 Salvage value of equipment $ 6,000 Cost of capital 12% What is the internal rate of return of the capital budgeting project with the net cash flows described in Table 11B?
Group of answer choices 13.58%. 11.53%. 14.26%. 9.87%.
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