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(Appendix 13A) The following data are available on a proposed investment project: Initial investment $142,500 Annual Cash Inflows $30,000 Life of the investment 8 years Required Rate of Return 10% Which of the following statements best describes the internal rate of return on the proposed investment project? (Ignore income taxes in this problem
(Appendix 13A) The following data are available on a proposed investment project:
Initial investment $142,500 Annual Cash Inflows $30,000 Life of the investment 8 years Required Rate of Return 10%
Which of the following statements best describes the internal rate of return on the proposed investment project? (Ignore income taxes in this problem.) A) It is between 12% and 13%. B) It is between 13% and 14%. C) It is between 11% and 12%. D) It is less than the required rate of return.
Expert Solution
The Internal Rate of Return is 13.30%. So, the correct option is B "It is between 13% and 14%".
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