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A project is estimated to cost $278,299 and provide annual net cash flows of $83,000 for five years.

A project is estimated to cost $278,299 and provide annual net cash flows of $83,000 for five years.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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eBook Internal Rate of Return A project is estimated to cost $278,299 and provide annual net cash flows of $83,000 for five years. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 1.833 1.736 1.690 1.626 2.673 2.487 2.402 2.283 3.465 3.170 3.037 2.855 4.212 3.791 3.605 3.353 4.917 4.355 4.111 3.785 5.582 4.868 4.564 4.160 5.335 4.968 4.487 5.759 5.328 4.772 6.145 5.650 5.019 1 2 3 4 5 6 7 8 9 10 6.210 Show Me How 6.802 7.360 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 Determine the internal rate of return for this project, using the Present Value of an Annuity of $1 at Compound Interest table shown above. %
Transcribed Image Text:eBook Internal Rate of Return A project is estimated to cost $278,299 and provide annual net cash flows of $83,000 for five years. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 1.833 1.736 1.690 1.626 2.673 2.487 2.402 2.283 3.465 3.170 3.037 2.855 4.212 3.791 3.605 3.353 4.917 4.355 4.111 3.785 5.582 4.868 4.564 4.160 5.335 4.968 4.487 5.759 5.328 4.772 6.145 5.650 5.019 1 2 3 4 5 6 7 8 9 10 6.210 Show Me How 6.802 7.360 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 Determine the internal rate of return for this project, using the Present Value of an Annuity of $1 at Compound Interest table shown above. %
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