A firm 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 A firm 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?

A Firm Is Considering a Project Requiring an Investment of $54,000.The