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Managerial Accounting: 67. A project requires an initial investment of $43,000 and has the following...

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Accounting

Managerial Accounting:

67. A project requires an initial investment of $43,000 and has the following expected stream of cash flows:

Year 1 $20,000 Year 2 $30,000 The internal rate of return for the project is closest to a. 0 percent. b. 10 percent. c. 15 percent. d. 20 percent.

ANS: B 10 percent.

Please explain and show all work.

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