Question
A company is considering an iron ore extraction project that requires an initial investment of $1,300,000 and will yield annual cash flows of $789,314 for
A company is considering an iron ore extraction project that requires an initial investment of $1,300,000 and will yield annual cash flows of $789,314 for two years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1:
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Microeconomics
Authors: Michael Parkin
6th Edition
0321112075, 9780321112071
