Tennessee Corporation is analyzing a capital expenditure that will involve a cash outlay of $104,904. Estimated cash flows are expected to be $36,000 annually for four years. The present value factors for an annuity of $1 for 4 years at interest of 10%, 12%, 14%, and 15% are 3.170, 3.037, 2.914, and 2.855, respectively. The internal rate of return for this investment is:
A) 2%
B) 2.4%
C) 14%
D) 3%
C
You might also like to view...
Fluidity of a membrane increases as the percentage of unsaturated fatty acids in the phospholipids decreases.
Answer the following statement true (T) or false (F)
Warranties are formal statements of expected product performance by the manufacturer
Indicate whether the statement is true or false
The SEC requires publicly owned corporations to have their quarterly financial information reviewed by their independent auditors before it is issued, but does not require that the auditor's review report be included with the quarterly information, although many companies do include the auditor's report
a. True b. False Indicate whether the statement is true or false
Hispanic workers are projected to be about what percentage of the workforce by 2050?
A. 2 percent B. 8 percent C. 15 percent D. 24 percent E. 43 percent