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answer what is the projects internal rate of return percentage? Required information The Foundational 15 (Algo) [LO12-1, L012-2, L012-3, L012-5, LO12-6] [The following information applies
answer what is the projects internal rate of return percentage?
Required information The Foundational 15 (Algo) [LO12-1, L012-2, L012-3, L012-5, LO12-6] [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 128-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table. Foundational 12-6 (Algo) 6. What is the project's internal rate of return? Answer is complete but not entirely correct Step by Step Solution
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