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Chow Company has gathered the following information on an investment project: Initial investment .................. $184,260 Annual cash inflows ................. $ 40,000 Cost of capital .....................
Chow Company has gathered the following information on an investment project: Initial investment .................. $184,260 Annual cash inflows ................. $ 40,000 Cost of capital ..................... 12% Life of project ..................... 9 years Calculate the internal rate of return (IRR) for this investment project. Enter your answer as a whole number (i.e., 29). Do not enter your answer as a decimal (i.e., .29) or as a percentage (i.e., 29%).
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