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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Lobel Machines Company is evaluating an investment of $1,100,000 which will yield net cash inflows of $197,062 per year for 7 years with no residual value. What is the internal rate of return?

Present value of ordinary annuity of $1: 

   5%   6%   7%   8%
1   0.952   0.943   0.935   0.926
2   1.859   1.833   1.808   1.783
3   2.723   2.673   2.624   2.577
4   3.546   3.465   3.387   3.312
5   4.329   4.212   4.100   3.993
6   5.076   4.917   4.767   4.623
7   5.786   5.582   5.389   5.206
8   6.463   6.21   5.971   5.747
9   7.108   6.802   6.515   6.247
10   7.722   7.36   7.024   6.71
   
A) 6%
B) 7%
C) 5%
D) 8%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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