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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 | $ -27,900 |
| 1 | $ 11,900 |
| 2 | $ 14,900 |
| 3 | $ 10,900 |
If the required return is 18 percent, what is the IRR for this project?
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
