Question
X Company is considering buying a new machine that will cost $150,000 and that will generate annual cash inflows of $29,550 for 6 years. What
X Company is considering buying a new machine that will cost $150,000 and that will generate annual cash inflows of $29,550 for 6 years. What is the approximate internal rate of return (as a decimal, so 1% would be 0.01)?
| A: 0.03 | B: 0.04 | C: 0.05 | D: 0.06 | E: 0.07 | F: 0.08 |
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
8th Edition
0130861774, 9780130861771
