Question
A company is considering a project with the following cash flows. What is the IRR of this project? Year 0 : -$114,600 Year 1 :
A company is considering a project with the following cash flows. What is the IRR of this project?
Year 0 : -$114,600
Year 1 : $35,900
Year 2 : $50,800
Year 3 : $45,000
A. 6.42 percent
B. 7.03 percent
C. 7.48 percent
D. 8.22 percent
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
