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Find the internal rate of return on the investment

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Reference no: EM132517098

Question 1: Galindo Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $178,848, would have a useful life of 8 years, and would have no salvage value. The tractor-trailer would be used in the company's hauling business, resulting in additional net cash inflows of $36,000 per year. The internal rate of return on the investment in the tractor-trailer is closest to:

Option A. 10 %

Option B. 15 %

Option C. 12 %

Option D. 13 %

Reference no: EM132517098

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