Assume there is a project that will bring in $39,326.35 five years from now, and that there will be no other future cash inflow. The present value of the project is $15,650.00. What is the interest rate that was used in valuing this project? Group of answer choices A) 20.24% B) 22.59% C) 25.25% D) 21.16%

Financial And Managerial Accounting
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ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter26: Capital Investment Analysis
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Assume there is a project that will bring in $39,326.35 five years from now, and that there will be no other future cash inflow. The present value of the project is $15,650.00. What is the interest rate that was used in valuing this project? Group of answer choices

 

A) 20.24%

 

B) 22.59%

 

C) 25.25%

 

D) 21.16%

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