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TB MC Qu. 14-108 (Algo) Joetz Corporation has gathered... Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.):
TB MC Qu. 14-108 (Algo) Joetz Corporation has gathered... Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return $ 33,000 $ 7,200 $ 0 15 years 10% The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The internal rate of return of the investment is closest to:
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