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Homework: Chapter 11 Homework O Question 6 Score: 0 of 1 point so Save (Calculating IRR, payback, and a missing cash flow) The Merriweather Printing

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Homework: Chapter 11 Homework O Question 6 Score: 0 of 1 point so Save (Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows: Year Project Cash Flow 0 ? 1 $790,000 2 380,000 3 260,000 4 490,000 (Click on the icon in order to copy its contents into a spreadsheet.) If you know that the project has a regular payback of 2 years, what is the project's IRR? ..... The IRR of the project is ]%. (Round to two decimal places.)

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