Question
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 0
| A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: |
| Year | Cash Flow | ||
| 0 | $ | 34,000 | |
| 1 | 15,000 | ||
| 2 | 17,000 | ||
| 3 | 13,000 | ||
| If the required return is 14 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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The Oxford Handbook Of Hedge Funds
Authors: Douglas Cumming, Sofia Johan, Geoffrey Wood
1st Edition
0198840950, 978-0198840954
