A firm is considering a new project that requires an investment of $750,000. The firm plans...

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A firm is considering a new project that requires an investment of $750,000. The firm plans to raise $250,000 through crowd funding and finance the remaining $500,000 through a private equity investment with a required rate of return of 15%. The project is expected to generate cash flows of $150,000 per year for the next 8 years. Required: What is the internal rate of return (IRR) of the project? Should the firm take this project? (10 Points) * A firm is considering a new project that requires an investment of $750,000. The firm plans to raise $250,000 through crowd funding and finance the remaining $500,000 through a private equity investment with a required rate of return of 15%. The project is expected to generate cash flows of $150,000 per year for the next 8 years. Required: What is the internal rate of return (IRR) of the project? Should the firm take this project? (10 Points) *