Present Value of an Annuity of 1 Periods 8% 9% 10% 1. .926 .917 .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 $91,116 and is expected to generate cash inflows of $36,000 each year for three years. The approximate internal rate of return on this project is

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Present Value of an Annuity of 1
Periods 8%
9%
10%
1.
.926
.917
.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 $91,116 and is expected to generate cash inflows of $36,000 each year for
three years. The approximate internal rate of return on this project is
Transcribed Image Text:Present Value of an Annuity of 1 Periods 8% 9% 10% 1. .926 .917 .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 $91,116 and is expected to generate cash inflows of $36,000 each year for three years. The approximate internal rate of return on this project is
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