Question
28. The initial investment required for a project is $375,000. The Stark Company expects cash inflows from this project as detailed below: Year 1 Year
28. The initial investment required for a project is $375,000. The Stark Company expects cash inflows from this project as detailed below:
Year 1 Year 2 Year 3 Year 4
$136,700 $136,700 $136,700 $136,700
The appropriate discount rate for this project is 15%. The internal rate of return (IRR) for this project is closest to:
How 17 is the answer please explain me in detail with instruction.
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Competing On Analytics The New Science Of Winning
Authors: Thomas H Davenport, Jeanne G Harris, Gary Loveman
1st Edition
1422103323, 9781422103326
