Question
A project has an initial cost of $55,000, expected net cash inflows of $10,000 per year for 11 years, and a cost of capital of
A project has an initial cost of $55,000, expected net cash inflows of $10,000 per year for 11 years, and a cost of capital of 12%. What is the project's IRR? Round your answer to two decimal places.
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International Finance Theory And Policy
Authors: Paul Krugman, Maurice Obstfeld, Marc Melitz
12th Global Edition
1292417005, 978-1292417004
