Ron’s gross income is $50,000. he contributed $500 to charity. the mortgage interest on his first home is $3,000 and his medical expenses are $1,500. what is ron’s taxable income? ron’s total deduction is $and his taxable income is $.

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?