Jackson music is considering investing $ 625,000 in private lesson studios that will have no residual value. the studios are expected to result in annual net cash inflows of $ 100,000 per year for the next nine years. assume that jackson music uses a 12% hurdle rate. what is the approximate internal rate of return (irr) of the studio investment?

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above