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Jerry Hall Invested in a Project That Required an Initial

Question 70

Multiple Choice

Jerry Hall invested in a project that required an initial amount of $52,160, and returned cash inflows of $10,000 per year for 10 years. A partial table of the present value of an annuity of $1 in arrears is as follows: Jerry Hall invested in a project that required an initial amount of $52,160, and returned cash inflows of $10,000 per year for 10 years. 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% E) 16% What is the internal rate of return for this investment?


A) 8%
B) 10%
C) 12%
D) 14%
E) 16%

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