Question
Consider a project that requires an investment today of $550,000, will pay the firm $120,000 at the end of each of the next 9 years
Consider a project that requires an investment today of $550,000, will pay the firm $120,000 at the end of each of the next 9 years (t = 1 through 9) and then at the end of the 10th year (t = 10) will pay $150,000. What is this project's IRR?Express your answer in decimal format, rounded and accurate to 4 decimal places. For example, if you find the IRR is 12.345% you should enter 0.1235.
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
