AAA Company is considering a new project. The project requires an initial investment of $2,400,000 and...
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AAA Company is considering a new project. The project requires an initial investment of $2,400,000 and will generate $1,200,000 (after-tax) cash flows for 6 years, with the first cash flow occurring one year after the initial investment. Calculate the IRR for the project (using trial-and-error, Excel or a financial calculator!), with three digits after the comma. Note the solution is between 0.000001 and 1.000000. AAA Company is considering a new project. The project requires an initial investment of $2,400,000 and will generate $1,200,000 (after-tax) cash flows for 6 years, with the first cash flow occurring one year after the initial investment. Calculate the IRR for the project (using trial-and-error, Excel or a financial calculator!), with three digits after the comma. Note the solution is between 0.000001 and 1.000000.
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Answer rating: 100% (QA)
To calculate the Internal Rate of Return IRR for the project youll need to find the discount rate th... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
Posted Date:
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