Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment...
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Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $101,616. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,400, and annual cash outflows would increase by $45,600. The company's required rate of return is 12%. Click here to view PV table. Calculate the internal rate of return on this project. (Round answers to 0 decimal places, e.g. 15%.) Internal rate of return on this project is between % and %. Determine whether this project should be accepted? The project be accepted
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