Question
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flows 0
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:
Year Cash Flows
0 -27888
1 14878
2 10221
3 11308
What is the IRR for this project?(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0077861629
