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Acme Company plans to invest $170,000 in a project that has a 3-year economic life. Acme expects the project to produce net cash inflows
Acme Company plans to invest $170,000 in a project that has a 3-year economic life. Acme expects the project to produce net cash inflows of $65,000 in Year 1 and $55,000 in Year 2. Assuming the project's internal rate of return is 12.0%, what is the expected net cash inflow for year 3? Round to the nearest whole dollar amount.
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To find the expected net cash inflow for Year 3 we can use the internal rate of return IRR to calcul...
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
