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?
a) 8%
b) 10%
c) 15%
d) 12%
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
