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emma.locke16 emma.locke16
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5 years ago
Lobel Machines Company is evaluating an investment of $1,550,000 which will yield net cash inflows of $220,672 per year for 10 years with no residual value. What is the internal rate of return?

Present value of ordinary annuity of $1:  

5%6%7%8%
10.9520.9430.9350.926
21.8591.8331.8081.783
32.7232.6732.6242.577
43.5463.4653.3873.312
54.3294.2124.1003.993
65.0764.9174.7674.623
75.7865.5825.3895.206
86.4636.215.9715.747
97.1086.8026.5156.247
107.7227.367.0246.71

A) 6%
B) 7%
C) 8%
D) 9%
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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Eighty8Eighty8
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5 years ago
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emma.locke16 Author
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Literally the most helpful website ever
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Monkey
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Thank you
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