Jackson Company is considering a project requiring an investment of $54,000. The project would generate an annual cash flow of $12,592 for the next seven years. The company uses the straight-line method of depreciation. What is the approximate internal rate of return for the project?

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The Answer of Jackson Company is considering a project requiring an investment of $54,000. The project would generate an annual cash flow of $12,592 for the next seven years. The company uses the straight-line method of depreciation. What is the approximate internal rate of return for the project?

Jackson Company Is Considering a Project Requiring an Investment of $54,000