Viera Corporation is considering investing in a new facility. The estimated cost of the facility is $1,667,185. it will be used for 12 years, then sold for $716,300. The facility will generate annual cash inflows of $364,100 and will need new annual cash outflows of $153,000. The company has a required rate of return of 7%. Calculate the internal rate of return on this project. Whether the project should be accepted.

Briet Exercise 24-8 Viern Corporation is considering nvesting in a new faclity. The estimated cost of the facit.s ,667, 185 it wil be used for 12 years, then sold for $716,300 The facility will generate annual cash inflows of $364, 100 and will need new annua! cash outflows of $153,000. The company has a required rate of return of 7%. Calculate the internal rate of return on this preject. (Round answer to o decimal place, e.g. 125.) Internal rate of retum is Whether the project should be accepted. heretoneretab be accepted The should should not Open Show Work Show Work for this question: click if yo Table 3 Present Value of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Periods 1 96154 95238 94340 93458 92593 91743 90909 90090 89286 .86957 2 92456 90703 89000 87344 .85734 84168 .82645 .81162 .79719 .75614 3 88900 86384 83962 81630 .79383 .77218 .75132 73119 71178 65752 4 85480 82270 79209 76290 .73503 70843 .68301 .65873 .63552 57175 5 .82193 .78353 .74726 .71299 .68058 .64993 .62092 .59345 .56743 49718 6 79031 .74622 .70496 66634 .63017 .59627 56447 53464 .50663 43233 7 75992 .71068 .66506 .62275 .58349 .54703 .51316 48166 45235 37594 8 .73069 .67684 .62741 .58201 .54027 .50187 .46651 43393 40388 .32690 9 70259 .64461 59190 .54393 .50025 .46043 42410 39092 .36061 28426 10 67556 .61391 55839 .50835 46319 42241 38554 35218 .32197 24719 11 64958 58468 52679 47509 42888 38753 .35049 .31728 .28748 21494 12 62460 .55684 49697 44401 .39711 35554 .31863 .28584 .25668 .18691 13 60057 53032 46884 41496 .36770 .32618 .28966 25751 22917 .16253 14 57748 50507 44230 38782 34046 .29925 26333 23199 20462 14133 15 55526 48102 41727 36245 31524 27454 23939 20900 .18270 12289 16 53391 458 39365 33873 29189 25187 21763 18829 .16312 .10687 17 51337 43630 37136 31657 27027 23107 19785 16963 14564 09293 18 49363 41552 35034 29586 25025 21199 .17986 .15282 13004 .08081