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Microsoft Company has gathered the following data on a proposed Investment project (Ignore income taxes.):...

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Microsoft Company has gathered the following data on a proposed Investment project (Ignore income taxes.): $38,000 $ 9,200 Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return 15 years 10% The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided. The internal rate of return of the investment is closest to: Multiple Choice Oo oo

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