The Information Technology Club,Inc

question 58

Multiple Choice

The Information Technology Club,Inc.is considering an investment that requires $20,000 and promises to return $28,090 in 3 years.The company's income tax rate is 40 percent.What is the approximate internal rate of return?

• A)8 percent.
• B)10 percent.
• C)12 percent.
• D)15 percent.

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