Question: Intemal Rate Return Method The internal rate of return method is used by Queen Bros. Construction Co. in analyzing a capital expenditure proposal that involves

 Intemal Rate Return Method The internal rate of return method is

Intemal Rate Return Method The internal rate of return method is used by Queen Bros. Construction Co. in analyzing a capital expenditure proposal that involves an investment of $49,357 and annual net cash flows of $11,000 for each of the eight years of its useful life. Present Value of an Annuity of $1 at Compound Interest a. Determine a present value factor for an annuity of $1 which can be used in determining the internal rate of return. If required, round your answer to three decimal places. x b. Using the factor determined in part (a) and the present value of an annulty of s1 tabie above, determine the internal rate of return for the proposal. x \%

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