Use these present value tables to answer the questions that follow.
Below is a table for the present value of $1 at compound interest.
Below is a table for the present value of an annuity of $1 at compound interest.
-Using the tables above, what would be the internal rate of return of an investment of $227,460 that would generate an annual cash inflow of $60,000 for the next five years?
A) 6%
B) 10%
C) 12%
D) cannot be determined from the data given
Correct Answer:
Verified
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