The following data pertain to an investment project (Ignore income taxes.): Investment required$34,055 Annual savings $5,000 Life of the project 15yearsRefer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.The internal rate of return is closest to:
A. 12%
B. 14%
C. 8%
D. 10%
Answer: A
Business
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