Question
A project produces the following cash flows over the next five years: $600, $200, $350, $400 and $500, respectively. The initial cost of the project
A project produces the following cash flows over the next five years: $600, $200, $350, $400 and $500, respectively. The initial cost of the project is $1,400. What is the internal rate of return on this project?
- - 4.56%
- 3.67%
- 12.87%
- 14.39%
- The rate cannot be computed with certainty.
Thank you!!!
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
