Question
A firm expects to spend $15,000 on Project A. In year 1, it forecasts a cash flow of $7,000; in year 2, $4,000, in year
A firm expects to spend $15,000 on Project A. In year 1, it forecasts a cash flow of $7,000; in year 2, $4,000, in year 3, $3,000; and in year 4, $2,000. What is the internal rate of return for this project?
6.01% 1.52% 4.25% 3.31%
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
