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Humbug Corp. is considering including a press in this year's capital budget. The cash outlay for the press is $ 2 , 2 7 0
Humbug Corp. is considering including a press in this year's capital budget. The cash outlay for the press is $ The firm's cost of capital is Aftertax cash flows, including depreciation, are as shown in the table below. Calculate the internal rate of return IRR for this project.
tableEnd of Year,Cash Flow $
If the initial investment for a project is $ and the cash inflows are $ for years, what is the IRR?
IRR Round your answer to two decimal places.
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