Question
A firm buys a new piece of equipment for $31,548, and will receive a cash flow of $4,000 per year for eleven years. What is
A firm buys a new piece of equipment for $31,548, and will receive a cash flow of $4,000 per year for eleven years.
What is the IRR? (Use a financial calculator to arrive at the answers. Round the final answer to the nearest whole percent.)
IRR=
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IRR is the rate of return that makes initial investment equal to present ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
