Chasteen, Inc

question 18

Multiple Choice

Chasteen, Inc., is considering an investment with an initial cost of $145,000 that would be depreciated straight-line to a zero book value over the life of the project.The cash inflows generated by the project are estimated at $76,000 for the first two years and $30,000 for the following two years.What is the internal rate of return?

• A)21.44 percent
• B)21.29 percent
• C)17.43 percent
• D)17.55 percent
• E)20.11 percent

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Definitions:

People of Color

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One Fourth

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Two Fifths

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