(Ignore income taxes in this problem.) Bau Long-Haul,Inc.,is considering the purchase of a tractor-trailer that would cost $281,656,would have a useful life of 7 years,and would have no salvage value.The tractor-trailer would be used in the company's hauling business,resulting in additional net cash inflows of $76,000 per year.The internal rate of return on the investment in the tractor-trailer is closest to:
A) 19%
B) 18%
C) 21%
D) 16%
Correct Answer:
Verified
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