Theta Company is considering three capital expenditure projects. Relevant data for the projects are as follows.
|
Project |
Investment |
Annual |
Life |
||||
|
|
22A |
$238,590 |
|
$13,302 |
|
6 years |
|
|
|
23A |
267,290 |
|
20,848 |
|
9 years |
|
|
24A |
286,720 |
|
20,018 |
|
8 years |
|
|
Annual income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Theta Company uses the straight-line method of depreciation.
Instructions
Determine the internal rate of return for each project. (Round the internal rate of return factor to three decimal places, e.g. 2.250. Round final answers to 0 decimal places, e.g. 125.)
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