Question: ( Appendix 1 3 A ) The following information concerns a proposed investment: Investment Required $ 1 4 , 1 5 0 Annual Savings $

(Appendix 13A) The following information concerns a proposed investment:
Investment Required $14,150
Annual Savings $2,500
Life of the Project 12 years
What is the internal rate of return? (Ignore income taxes in this problem.)
Group of answer choices
12%
14%
5%
10%

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