Dalkey Inc. is considering an investment.

Given below is the necessay financial information to solve the problem.

The initial Investment is: $ $90,000$

Yearly after Tax net cash inflows: $ $15,000$

Time of Project $8$ Years

No Salvage Value is projected

E$)$ What is the internal rate of return $($IRR$)$ of the investment?

F$)$ If the required rate of return is $14\%$ should this project be considered? Justify your answer.

G$)$ If the required rate of return is $6\%$ should this project be considered? Justify your answer.

SHOW YOUR MATH!