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) 13.65%
C) 12.25%
D) 8.00%

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) 13.65%
C) 12.25%
D) 8.00%

An Entrepreneur Would Like to Buy a Piece of Equipment