Question
A work project requires an immediate cash outlay of $320,000 and another outlay of $96,000 after five years. The work project has a residual value
A work project requires an immediate cash outlay of $320,000 and another outlay of $96,000 after five years. The work 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 work project
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th Global Edition
9781292018201
