A firm is considering a project requiring an investment of $27,000. The project would generate an annual

Fantastic news! We've Found the answer you've been seeking!

Question:

A firm is considering a project requiring an investment of $27,000. The project
would generate an annual cash flow of $6,296 for the next seven years. The company
uses the straight-line method of depreciation. The approximate internal rate of return
for the project is
6.00%
8.00%
12.00%
14.00%