the following data pertains to an investment, Cost Accounting

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the following data pertains to an investment

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
A 12%
B 15%
C 25%
D 30%

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Cost Accounting: the following data pertains to an investment

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Cost Accounting: the following data pertains to an investment

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