Question
The Information Technology Club, Inc. is considering an investment that requires P20,000 and promises to return P28,090 in 3 years. The company's income tax rate
The Information Technology Club, Inc. is considering an investment that requires P20,000 and promises to return P28,090 in 3 years. The company's income tax rate is 40 percent. What is the approximate internal rate of return?
Group of answer choices
12 percent
15 percent
10 percent
8 percent
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
