An entrepreneur would like to buy a piece of equipment for his business.The equipment cost $75,000 and will increase cash flow by $12,000 each year for 15 years.What is his IRR?
A)10.92%
B)12.25%
C)8)00%
D)13.65%

Question

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The Answer of An entrepreneur would like to buy a piece of equipment for his business.The equipment cost $75,000 and will increase cash flow by $12,000 each year for 15 years.What is his IRR?
A)10.92%
B)12.25%
C)8)00%
D)13.65%

An Entrepreneur Would Like to Buy a Piece of Equipment