Business, 10.05.2021 17:50 EthanIsHyper

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment $ 32,500
Annual cash inflows $ 7,000
Salvage value of equipment $ 0
Life of the investment 15 years
Required rate of return 10 %
The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.
The internal rate of return of the investment is closest to:

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Joetz Corporation has gathered the following data on a proposed investment project (Ignore income ta...

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