Question
A company is considering a project that costs $3 million and will generate after-tax cash flows at the end of the first year of $150,000.
A company is considering a project that costs $3 million and will generate after-tax cash flows at the end of the first year of $150,000. The cash flows are expected to grow at 3% per year, and the project is expected to last forever. What is the IRR of the project?
REPORT YOUR ANSWER IN PERCENT AND ROUND YOUR ANSWER TO THE NEAREST PERCENTAGE POINT
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Healthcare Finance: An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
6th Edition
1567937411, 978-1567937411
