25. Duhl Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $132,678, would have a useful life of 5 years, and would have no salvage value. The tractor- trailer would be used in the company's hauling business, resulting in additional net cash inflows of $35,000 per year. The internal rate of return on the investment in the tractor-trailer is closest to: A. 10% B. 15% C. 13% D. 12%

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A: The answer is provided as follows:

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A:

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.