If a project has multiple internal rates of return, the lowest rate should be used for decision-making

When appraising property using the capitalization approach, as you determine the net income, which of the following would you use:

A: Payments on mortgage loan; B: Vacancy allowance; C: Income tax paid; D: Reserves for depreciation.

Johnson has an annuity due that pays $600 per year for 15 years. What is the value of the cash flows 15 years from today if they are placed in an account that earns 7.50%? Note: You are asked to find the FV one year after the last cash flow is realized

A) $9,000.00 B) $9,675.00 C) $15,671.02 D) $16,846.35