Problem
An investment costing $260,000 promises an after-tax cash flow of $93,600 per year for 6 years.
a. Find the investment's accounting rate of return and its payback period.
b. Find the investment's net present value at a 15 percent discount rate.
c. Find the investment's benefit-cost ratio (profitability index) at a 15 percent discount rate.
d. Find the investment's internal rate of return.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.