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explain 8. A project has an initial outlay of $4,000. It has a single payoff at the end of year 4 of $7,000. What is
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8. A project has an initial outlay of $4,000. It has a single payoff at the end of year 4 of $7,000. What is the internal rate of return (IRR) for the project (round to the nearest percent)? A. 16% B. 13% C. 21% D. 15% Step by Step Solution
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Personal Finance
Authors: Jeff Madura
3rd Edition
0321357973, 978-0321357977
