Question
Based on the following information: Net cash flow = R90 000 per year Useful life = 5 years Cost of capital = 8% Initial investment
Based on the following information:
Net cash flow = R90 000 per year
Useful life = 5 years
Cost of capital = 8%
Initial investment = R300 000 calculate the internal rate of return (IRR) of the project.
(a) 0 %
(b) 15.24 %
(c) 8.00 %
(d) 12.36%
(d) None of the above
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International Financial Management
Authors: Cheol Eun
9th Edition
1260788865, 9781260788860
