Question: Below is a table for the present value of $1 at Compound interest Year 6% 1096 12% 893 797 712 636 567 2 890 840

890 840 .792 747 .826 .751 683 621 Below is a table

for the present value of an annuity of $1 at compound interest.

6% 943 1.833 2.673 3.465 4.212 1096 909 1.736 2.487 3.170 3.791

Below is a table for the present value of $1 at Compound interest Year 6% 1096 12% 893 797 712 636 567 2 890 840 .792 747 .826 .751 683 621 Below is a table for the present value of an annuity of $1 at compound interest. 6% 943 1.833 2.673 3.465 4.212 1096 909 1.736 2.487 3.170 3.791 12% 893 1.690 2.402 3.037 3.605 Year 2 Using the tables above, what would be the internal rate of return of an investment of $294840 that would generate an annual cash inflow of $70,000 for the next 5 years? 5 a. 10% b. 12% c. 6% d. Cannot be determined from the data given

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