Order the answer to: Assume Apple invested $2.12 billion to expand its manufacturing capacity.

Academic Writing business-corporate-finance Order the answer to: Assume Apple invested $2.12 billion to expand its manufacturing capacity.

business-corporate-finance

Order the answer to: Assume Apple invested $2.12 billion to expand its manufacturing capacity.

Question Assume Apple invested $2.12 billion to expand its manufacturing capacity. Assume that these assets have a 10-year life, and that Apple requires a 10% internal rate of return on these assets.
Required
What is the amount of annual cash flows that Apple must earn from these projects to have a 10% internal rate of return? (Identify the 10-period, 10% factor from the present value of an annuity table, and then divide $2.12 billion by this factor to get the annual cash flows necessary.)
Subject business-corporate-finance
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