Question
Hart Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be
Hart Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital or negative, in both cases it will be rejected.
| Year | 0 | 1 | 2 | 3 |
| Cash flows | $1,000 | $425 | $425 | $425 |
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Stocks For The Long Run
Authors: Jeremy Siegel
6th Edition
1264269803, 978-1264269808
