Question: Cooper Industries is considering a project that would require an initial investment of $235,000. The project would result in cost savings of 70,110 annually for

Cooper Industries is considering a project that would require an initial investment of $235,000. The project would result in cost savings of 70,110 annually for the next five years. The internal rate of return is:

a. 11%

b. 13%

c. 18%

d. 15%

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