Multiple Choice
Below is a table for the present value of $1 at Compound interest. Below is a table for the present value of an annuity of $1 at compound interest.
Using the tables above, what would be the internal rate of return of an investment of $294,840 that would generate an annual cash inflow of $70,000 for the next 5 years?
A) 6%
B) 10%
C) 12%
D) cannot be determined from the data given.
Correct Answer:

Verified
Correct Answer:
Verified
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