Exercise 24-15 (Algo) Internal rate of return LO P4 GTO Incorporated is considering an investment...
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Exercise 24-15 (Algo) Internal rate of return LO P4 GTO Incorporated is considering an investment costing $342,270 that results in net cash flows of $45,000 annually for 15 years. (PV of $1, FV of $1, PVA of $1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided.) (a) What is the internal rate of return of this investment? (b) The hurdle rate is 12.0%. Should the company invest in this project on the basis of internal rate of return
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