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A proposed project (project A) has been presented that requires an initial investment of S5 million and a second investment of S3 million at the
A proposed project (project A) has been presented that requires an initial investment of S5 million and a second investment of S3 million at the beginning of year 3. It will generate a return of $2 million at the end of three years and returns of $4 million at the end of years 5 and 6 What is the internal rate of return for the project? A) 5.2% B)5.3% ) 5.4% D) 5.5% E)5.6%
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