Question
ABC company is considering whether or not to invest in a project. The project cash flows are shown in the following table: Period Project Cash
ABC company is considering whether or not to invest in a project. The project cash flows are shown in the following table:
| Period | Project Cash Flows |
|---|---|
| 0 | -$8,200,000 |
| 1 | $900,000 |
| 2 | $930,000 |
| 3 | $9,950,000 |
What is the IRR of this investment?
Group of answer choices
15.3%
14.1%
13.4%
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Fundamentals Of Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
2nd Edition
0324406363, 978-0324406368
