A project is estimated to cost $ 74,035 and provide annual net cash flows of $ 17,000

Question:

A project is estimated to cost $ 74,035 and provide annual net cash flows of $ 17,000 for six years. Determine the for this project, using Exhibit 2.

Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment...