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What is the rate of return for a project that has an initial cost of $30,000 and would provide positive cash flows of $5,000 the
What is the rate of return for a project that has an initial cost of $30,000 and would provide positive cash flows of $5,000 the first year, $6,000 the second year, $7,000 the third year, $8,000 the fourth year, $9,000 the fifth year, and $10,000 the sixth year.
a. 10.67% | ||
b. 11.45% | ||
c. 12.52% | ||
d. 13.34% |
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