Question
13. A project costs $300 million and is expected to generate cash flows of $66 million per year, starting at the end of the first
13. A project costs $300 million and is expected to generate cash flows of $66 million per year, starting at the end of the first year and lasting forever. What is the internal rate of return. Do not put in percentage values.
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
