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11.11 (IRR calculation) Jella Cosmetics is considering a project that costs $825,000 and is expected to last for 9 years and produce future cash flows
11.11 
(IRR calculation) Jella Cosmetics is considering a project that costs $825,000 and is expected to last for 9 years and produce future cash flows of $180,000 per year. If the appropriate discount rate for this project is 14 percent, what is the project's IRR? The project's IRR is %. (Round to two decimal places.)
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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
2nd International Edition
0071287728, 9780071287722
