Rose Henderson invested in a project that required an initial amount of $1,560 and returned one cash inflow of $12,000 at the end of the 18th year.A partial table of the present value of an annuity of $1 in arrears is as follows: What is the internal rate of return for this investment?
A) 8%
B) 10%
C) 12%
D) 14%
Correct Answer:
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