Use the following table, Present Value of an Annuity of 1 Period 8 % 9 % 10
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Question:
Use the following table,
Present Value of an Annuity of 1 | |||
Period | 8% | 9% | 10% |
1 | 0.926 | 0.917 | 0.909 |
2 | 1.783 | 1.759 | 1.736 |
3 | 2.577 | 2.531 | 2.487 |
A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $303720 and is expected to generate cash inflows of $120000 each year for three years. The approximate internal rate of return on this project is
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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