(Ignore income taxes in this problem. )The following data pertain to an investment project: The internal rate of return is closest to:

Name: (Ignore income taxes in this problem. )The following data pertain to an investment project: The internal rate of return is closest to:
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Question

(Ignore income taxes in this problem. )The following data pertain to an investment project:  The internal rate of return is closest to:

Quizplus · Accepted Answer

Factor of the internal rate of return = Investment required ÷ Annual net cash inflow
= $15, 057 ÷ $3, 000 = 5.019
This factor is the present value of an annuity for 10 periods at 15% per perio

(Ignore Income Taxes in This Problem