Lake Kariba Company is considering buying a new boat that would cost £120,000. The accountant determined that the boat promises an internal rate of return of 10 per cent and has a life of four years. The accountant resigned and the president wanted to check her calculations. 

What were the annual net cash inflows from the project?

Answer rating: 100% (QA)

To determine the annual net cash inflows from the project we can use the internal rate of return IRR ... View the full answer