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A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 153,000 1 78,000 2 67,000 3 49,000 Requirement
| A firm evaluates all of its projects by applying the IRR rule. |
| Year | Cash Flow | |
| 0 | $ 153,000 | |
| 1 | 78,000 | |
| 2 | 67,000 | |
| 3 | 49,000 | |
| Requirement 1: |
| What is the project's IRR? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) |
| Internal rate of return | % |
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
5th Edition
0072339160, 978-0072339161
