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A research division of a targe consumer electronics company has developed a new type of mp3 player. The project will require an immediate cash outiow

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A research division of a targe consumer electronics company has developed a new type of mp3 player. The project will require an immediate cash outiow of prophct intornat rate of roturn? Place your answer in percentage form without the percent sign. For example, if your answer is four point seven fwo percent, you should enter your answer as 4.72 ane Inediate cash outflow of $1,685,321. The new project is expected to produce cash fows of $500,000 pet yeat for 4 conseculve years begrining at the end of year ane. What is this denter your answer as 4.72 and not as 0472 or as 4.72%

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