Executive Limousine Service recently acquired limousines worth $120,000. The projected returns over the next 3 yr, the time period the limousines will be in service, are $80,000 at the end of the first year, $60,000 at the end of the second year, and $40,000 at the end of the third year. Find the internal rate of return on the investment. Round your answer to the nearest hundredth, if necessary.
?
__________ % per year
Fill in the blank(s) with the appropriate word(s).
26.82
You might also like to view...
Find the surface area or volume.Use an integral table and a calculator to find to two decimal places the area of the surface generated by revolving the curve 
about the x-axis.
A. 99.99 B. 71.39 C. 58.17 D. 81.81
Solve the initial value problem.Differential Equation: 
= -6ti + 7tj + 10tkInitial Condition: r(0) = -4i + 5k
A. r(t) = (-6t2 - 8)i + 7t2j + (10t2 + 10)k
B. r(t) = 
i + 
t2j + 
k
C. r(t) = 
i + 
t2j - 
k
D. r(t) = 
i + 
t2j + 
k
Solve the problem.Yearly sales at a certain department store follow the model 
where y is the total sales in thousands of dollars and x is the number of years after the store opened. How many years after the store's opening will the total sales for the year first be less than 
?
A. 929 yr B. 10 yr C. 6 yr D. 8 yr
Find all values that make the expression undefined.
A. 6, -6 B. 5, -3 C. 0 D. -5, -3