Question: Mcq-Bill plans to open a do - it - yourself dog bathing center in a storefront . The bathing equipment will cost $ 160,000 .

Mcq-Bill plans to open a do - it - yourself dog bathing center in a storefront . The bathing equipment will cost $ 160,000 . Bill expects the after - tax cash inflows to be $ 40,000 annually for seven years , after which he plans to scrap the equipment and retire to the beaches of Jamaica . Assume the required return is 17 % . What is the project's IRR ? Should it be accepted ? 16.3 % ; yes 12.2 % ; yes 17% indifferent 12.2 % ; no 16.3 % ; no

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