Engr. Richard Flores has P 13, 760 in cash and he would like to invest it in business. His estimates of the year-by-year receipts and disbursements for all purposes are shown in the tabulation below:...

A. 10.11% B. 10.34% C. 10.67% D. 10.98%

Extracted text: Engr. Richard Flores has P 13, 760 in cash and he would like to invest it in business. His estimates of the year-by-year receipts and disbursements for all purposes are shown in the tabulation below: Year Receipts Disbursements - P 13, 760 P P 5, 009 + P 1, 000 P 6, 200 + P 1, 200 P 7, 500 + P 1, 500 P 8, 800 + P 1, 800 He estimates that this equipment will have a salvage value of P 2, 000 at the end of useful life. Find the rate of return of the prospective investment. 10. 11% O10. 34 %