Bau long-haul, inc., is considering the purchase of a tractor-trailer that would cost $281,660, would have a useful life of 7 years, and would have no salvage value. the tractor-trailer would be used in the company's hauling business, resulting in additional net cash inflows of $80,000 per year. the internal rate of return on the investment in the tractor-trailer is closest to (ignore income taxes.):

rate  20.86%

Explanation:

We will setp up the formula for an ordinary annuity

C80000

time7

rate = r

To solve we need to do it on excel, with the IRR function or estimate with try and error:

The first part is the annuity factor with n = 7 we need to look into the PV table of an ordinary annuity which comes close to the quotient of 281,660/8,000 = 3,52075

at 20% = 3.605

at 21%  = 3.508

The rate is between 20% and 21%

We now sart calculating the factor changing the decimals:

our target is: 3,52075

20.5%   3.5557

20.8%   3.5269

20.9%   3. 5174

Now the rate will be between 20.8%

and 20.9%

we start moving amoung the centimals

20.85%    3.5222

20.86 %   3.5212

20.87 %  3.5203

our target is: 3,52075

the IRR will be between 20.86% and 20.87%

we are almost there, we check if we need to round up or down:

our target is: 3,52075

20.865%   3.5207

20.864%   3.5208

20.866%   3.5206

It will be betwene 0.4 and 0.5 so it is better to round down.

We conclude the IRR is 20.86%

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

an online clothing brand

explanation: