28. Mint Company is contemplating an investment costing $213,280. The investment will have a life of...

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28. Mint Company is contemplating an investment costing $213,280. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $43,000. Mint's required rate of return is 10%. 00.021.12 Instructions 2 awo a) What is the approximate internal rate of return associated with this investment? SHOW YOUR WORK! muje snim to stil betemita ancitoustard IXHOW BUOY WOH2 sulg Jaring ten sdt sdcluble) (s) b) Is this an acceptable project? Explain. 28. Mint Company is contemplating an investment costing $213,280. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $43,000. Mint's required rate of return is 10%. 00.021.12 Instructions 2 awo a) What is the approximate internal rate of return associated with this investment? SHOW YOUR WORK! muje snim to stil betemita ancitoustard IXHOW BUOY WOH2 sulg Jaring ten sdt sdcluble) (s) b) Is this an acceptable project? Explain.

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Answer a To calculate the approximate internal rate of return IRR we can use the following formula N... View the full answer