Lowell Communications, Inc

question 57

Multiple Choice

Lowell Communications, Inc., has been installing a fiber-optic network at a cost of $18 million. The firm expects annual cash flows of $3.7 million over the next 10 years. What is this project's internal rate of return? (Do not round intermediate computations. Round final answer to the nearest percent.)

• A) 10%
• B) 12%
• C) 14%
• D) 16%

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Definitions:

Agreeableness

How caring a person is for others and how the person gets along with other people; part of the Big Five personality traits.

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Extraversion

How outgoing, assertive, and talkative a person is; part of the Big Five personality traits.

Unprotected Sex

Sexual intercourse without the use of barrier contraceptives, increasing the risk of transmitting STDs and unplanned pregnancies.