(Present value tables are required.)Camtash Corporation is considering the purchase of a machine that would cost $21,628 and would have a useful life of 5 years.The machine would generate $6,300 of net annual cash inflows per year for each of the 5 years of its life.The internal rate of return on the machine would be closest to:

Question

Quizplus · Accepted Answer

The Answer of  (Present value tables are required.)Camtash Corporation is considering the purchase of a machine that would cost $21,628 and would have a useful life of 5 years.The machine would generate $6,300 of net annual cash inflows per year for each of the 5 years of its life.The internal rate of return on the machine would be closest to:

(Present Value Tables Are Required