Question
1.An investment project requires an initial outlay of $100,000, and is expected to generate annual cash inflows of $28,000 for the next 5 years .
1.An investment project requires an initial outlay of $100,000, and is expected to generate annual cash inflows of $28,000 for the next 5 years . (round to the nearest tenth of the percent) Determine the ( internal rate of exchange ) IRR for the project using a financial calculator.
A.12.0%
B.3.6%
C.12.6%
D.12.4%
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
