The correct answer is 15.69%

If the budget is $100,000 for the projects shown below? What is the opportunity cost of capital? (note that you need to fill in the missing values)

Project	Life (years)	First Cost	Annual Benefit	Salvage Value	IRR
1	15	$22,000	$4000	$0	16.29%
2	15	22,000	3200	10,000	13.22
3	20	22,000	3300	0
4	15	22,000	4500	0	15.69
5	20	22,000	4500	-20,000	19.35
6	10	22,000	5800	0	23.05
7	15	22,000	4000	10,000

Interest Factor Calculator

		17.80%
		15.69%
		16.29%
		13.89%