Question
Frankford Inc. is evaluating the following investment project, Project N. The firm requires a 7% rate of return on its investments. Calculate the internal rate
Frankford Inc. is evaluating the following investment project, Project N. The firm requires a 7% rate of return on its investments. Calculate the internal rate of return for the project. (Enter percentages as decimals and round to 4 decimals)
| Year (t) | Project N |
| 0 | -39,000 |
| 1 | 10,000 |
| 2 | 11,000 |
| 3 | 9,000 |
| 4 | 8,000 |
| 5 | 7,000 |
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Financial Management Theory And Practice
Authors: Prasanna Chandra
8th Edition
0071078401, 978-0071078405
