Multiple Choice
Calgary Cabs is considering buying 10 new taxi cabs for a total cost of $310,000. After the purchase, total cash flows will improve by $80,000. the new cabs are expected to be in service for six years. What is the internal rate of return for this investment proposal?
A) 8%
B) 10%
C) 12%
D) 14%
E) 16%
Correct Answer:
Verified
Correct Answer:
Verified
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