Multiple Choice
A project that cost $75,000 has a useful life of 5 years and a salvage value of $3,000. The internal rate of return is 12% and the annual rate of return is 18%. The amount of the annual net income was
A) $7,020.
B) $6,480.
C) $4,680.
D) $4,320.
Correct Answer:
Verified
Correct Answer:
Verified
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