An investment costing $90,000 is being contemplated by Linn Co. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $16,870.
Instructions
Compute the approximate internal rate of return for this investment. (Table C-2 is needed)

Question

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The Answer of An investment costing $90,000 is being contemplated by Linn Co. The investment will have a life of 8 years with no salvage value and will produce annual cash flows of $16,870.
Instructions
Compute the approximate internal rate of return for this investment. (Table C-2 is needed)

An Investment Costing $90,000 Is Being Contemplated by Linn Co