Question
A project requires an immediate cash outlay of $320,000 and another outlay of $96,000 after five years. The project has a residual value of $70,000
A project requires an immediate cash outlay of $320,000 and another outlay of $96,000 after five years. The project has a residual value of $70,000 after 10 years. Net returns are estimated to be $64,000 per year for 10 years. Compute the IRR for this project.
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Financial Accounting A Focus On Interpretation And Analysis
Authors: Richard F Kochanek, A Douglas Hillman
7th Edition
1111061750, 9781111061753
