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A firm expects cash flows from an initial investment of 1 000 000$. The expected cash flows are as follows: 1.year: 600 000$ , 2.year:
A firm expects cash flows from an initial investment of 1 000 000$. The expected cash flows are as follows:
1.year: 600 000$ , 2.year: 400 000$, 3.year: 350 000$, 4.year: 300 000$
If the cost of capital is 16%, what is approximate IRR of this investment project? Do you accept this investment project?
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