Anne Boone Recently Invested in a Project That Promised an Internal

question 146

Multiple Choice

Anne Boone recently invested in a project that promised an internal rate of return of 15 percent.If the project has an expected annual cash inflow of $12,000 for six years,with no salvage value,how much did Anne pay for the project? Present value tables or a financial calculator are required.

• A)$35,000
• B)$45,414
• C)$72,000
• D)$31,708

---

Definitions:

Advanced Cancer

Stage of cancer in which the disease has spread from its origin to other parts of the body, making treatment more complex.

Stress

Stress is a physical or psychological response to demanding situations or perceived pressures, affecting an individual's mental and physical health.

Type A Personality

A personality trait characterized by high levels of competitiveness, self-imposed stress, and a constant sense of urgency.

Competitive

Characterized by or involving competition between entities such as individuals or businesses.