Amatra Inc.,has the opportunity to invest in new equipment that will cost $113,000.The net cash inflows for ten years equal $20,000 per year.What is the internal rate of return for the investment? A partial table of the present value of an annuity of $1 in arrears is as follows: 
A) 8%
B) 10%
C) 12%
D) 14%
E) 16%
Correct Answer:
Verified
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