The Canyons Resort, a Utah ski resort, announced a $949,630 expansion of lodging properties, lifts, and terrain. Assume that this investment is estimated to produce $178,000 in equal annual cash flows for each of the first eight years of the project life. Present Value of an Annuity of $1 at Compound Interest Determine the expected internal rate of return of this project for eight years, using the present value of an annuity of $1 table above. In your calculation, round the net present value factor to three decimal places. x% Feedback 7 Check My Work 7 more Check My Work uses remaining
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