Midize Flower Company provides flowers and other nursery products for decorative purposes in medium to...
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Accounting
Midize Flower Company provides flowers and other nursery products for decorative purposes in medium to large sized restaurants and businesses. The company has been investigating the purchase of a new specially equipped van for deliveries. The van will cost $61,392 with a(n)
eightyear life. The expected additional cash inflows are $16,000 per year. What is the internal rate of return?
A.
24%
B.
20%
C.
18%
D.
22%
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