Jerry Hall invested in a project that required an initial amount of $52,160, and returned cash inflows of $10,000 per year for 10 years. A partial table of the present value of an annuity of $1 in arrears is as follows: What is the internal rate of return for this investment?

Question

Jerry Hall invested in a project that required an initial amount of $52,160, and returned cash inflows of $10,000 per year for 10 years. A partial table of the present value of an annuity of $1 in arrears is as follows:  What is the internal rate of return for this investment?

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The Answer of Jerry Hall invested in a project that required an initial amount of $52,160, and returned cash inflows of $10,000 per year for 10 years. A partial table of the present value of an annuity of $1 in arrears is as follows:  What is the internal rate of return for this investment?

Jerry Hall Invested in a Project That Required an Initial