Based on the following table, what is the approximate Internal Rate of Return (IRR) for a project that costs $189,000 and provides annual cash inflows of $70,000 for 3 years? (See your Chapter 25 notes, page 8) Rate of Present Value of an AnnuityReturn of $1 Received for Three Years 4% 2.8 6% 2.7 8% 2.6 10% 2.5 12% 2.4 14% 2.3 16% 2.2 20% 2.1 16 percent 10 percent 8 percent 14 percent 4 percent 20 percent 12 percent 6 percent
Based on the following table, what is the approximate
Rate of Present Value of an Annuity
Return of $1 Received for Three Years
4% 2.8
6% 2.7
8% 2.6
10% 2.5
12% 2.4
14% 2.3
16% 2.2
20% 2.1
16 percent
10 percent
8 percent
14 percent
4 percent
20 percent
12 percent
6 percent
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