Solved: Data pertains to an investment proposal, Finance Basics

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Data pertains to an investment proposal

Problem:

The following data pertains to an investment proposal:

Required investment $400,000
Annual cost savings $105,700
Projected life of investment 6 years
Projected salvage value $0
Required rate of return 12%

Ignoring income taxes, the internal rate of return on this investment is closest to:

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Finance Basics: Data pertains to an investment proposal

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Finance Basics: Data pertains to an investment proposal

Reference No:- TGS02049187

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