Question: Barker Paint Products is evaluating a project that is expected to provide annual cash flows of $11,600 for 10 years and requires an investment today

Barker Paint Products is evaluating a project that is expected to provide annual cash flows of $11,600 for 10 years and requires an investment today of $56,600. At what rate would Barker be indifferent between accepting the project and rejecting it? Possible answers are:

15.29 percent

15.40 percent

15.52 percent

15.63 percent

15.75 percent

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