Assume Research In Motion invested $834 million to expand its manufacturing ca

Assume Research In Motion invested $834 million to expand its manufacturing capacity. Assume that these assets have a seven-year life and
that Research In Motion requires a 12% internal rate of return on these assets.

Required

1. What is the amount of annual cash flows that Research In Motion must earn from these projects
to have a 12% internal rate of return? (Hint: Identify the seven-period 12% factor from the present value
of an annuity table and then divide $834 million by this factor to get the annual cash flows necessary.)

Forward

Access RIM%u2019s financial statements for fiscal years ended after February 27 2010 from its Website RIM.com) or the SEC%u2019s Website (SEC.gov).

a. Determine the amount that RIM invested in capital assets for the most recent year. (Hint: Refer to the statement of cash flows.)

b. Assume a seven-year life and a 12% internal rate of return. What is the amount of cash flows that RIM must earn on these new
projects?

Please try to answer in steps and completed correct answers