Joetz Corporation Has Gathered the Following Data on a Proposed

Multiple Choice

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.) : 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 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided.The internal rate of return of the investment is closest to:

A) 16%
B) 18%
C) 20%
D) 22%