Question
9) Cash outlays of $106,000 today and $60,000 in 3 years from today are required for a project that will generate revenues of $52,000 at
9) Cash outlays of $106,000 today and $60,000 in 3 years from today are required for a project that will generate revenues of $52,000 at the end of every year for 7 years. Also, there will be a one-time inflow of $12,000 received in 7 years. Find the Rate or Return (IRR) of the project. (3)
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
