Question
Doga Bank is evaluating a new project. The initial investment required is $108,924.46 and the cost of capital is 9%. Expected cash flows over
Doga Bank is evaluating a new project. The initial investment required is $108,924.46 and the cost of capital is 9%. Expected cash flows over the next four years are given below: Years Cash Flow ($) 1 15,000 2 50,000 3 47,000 4 39,000 What is the IRR of the project? 12.0% 13.4% 13.8% 13.0% 12.5%
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
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