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A project you are considering requires you to invest $80,000 today. One year from now you will receive $800, one year after that you will
A project you are considering requires you to invest $80,000 today. One year from now you will receive $800, one year after that you will receive $832, one year later you will receive $865.28, etc. (annual payments continue FOREVER at an annual growth rate of 4%). What is the internal rate of return of this project? +5.0% +6.0% -6.0% -5.0% -7.0% +7.0%
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