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Wildhorse Company is considering three capital expenditure projects. Relevant data for the projects are as follows. table [ [ Project , Investment, table
Wildhorse Company is considering three capital expenditure projects. Relevant data for the projects are as follows.
tableProjectInvestment,tableAnnualIncometableLife ofProject$$ years years years
Annual net income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Wildhorse Company uses the straightline method of depreciation.
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a
Determine the internal rate of return for each project. Round answers decimalplaces, eg For calculation purposes, use decimal places as displayed in the factor table provided.
tableProjecttableInternal Rate ofReturn
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