Oakwood Inc.requires all capital investments to generate an internal rate of return of 16 per cent.Oakwood is currently considering an investment that is expected to generate annual cash inflows of $15 000 for 7 years.The cost of the investment should not exceed:
A) $ 16 800
B) $ 37 149
C) $ 60 579
D) $105 000
Correct Answer:
Verified
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