Miller manufacturing company is considering the purchase of equipment. the equipment would cost $61,445.67 and is expected to generate annual cash inflows of $10,000 over its 10 year useful life. based on this information, the internal rate of return for this investment opportunity is (use the tables in the chapter 16 appendix.) multiple choice

a. 12%.
b. 10%
c. 8%
d. 14%

b. 10% 

Explanation:

The IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested.

The IRR can be found using a financial calculator:

Cash flow for year zero = $-61,445.67

Cash flow each year from year one to ten = $10,000

IRR = 10%

I hope my answer helps you

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muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.