Present value of an Annuity of $1 in Arrears 
-Lucas Company is considering a project with an initial investment of $530,250 in new equipment that will yield annual net cash flows of $95,000, and will be depreciated at $75,750 per year over its seven year life.What is the internal rate of return?
Definitions:
Development
The process of growth or progress, often marked by a series of changes or stages, in the context of individuals, societies, or organisms.
Gradual
describes a process happening in small degrees, steps, or stages over a period, rather than suddenly.
Continuous Process
An operation or production system where input materials are continuously fed and processed, resulting in a continuous output.
The Origin of Species
Refers to Charles Darwin's seminal work on evolutionary biology, proposing the theory of natural selection.
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