Forrest Company is considering purchase of equipment that costs $60,000 and is expected to offer annual cash inflows of $17,000 for 5 years. Forrest Company's required rate of return is 10%. What is the internal rate of return of this investment project

it is a i took the test.

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.