What is the annual net income of the project

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Question - Lewis Enterprises is considering a project with an internal rate of return of 12%, an annual rate of return of 18%, and a 5-year useful life. The cost of the project is $180,000 and it has a $7,200 salvage value. Lewis uses straight-line depreciation. What is the annual net income of the project?

A. $11,232

B. $10,368

C. $16,848

D. $15,552

Reference no: EM132520546

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