Question
If a Project's IRR is 13 percent and the project provides annual cash flows of $15,000 for four years, how much did the project cost?
If a Project's IRR is 13 percent and the project provides annual cash flows of $15,000 for four years, how much did the project cost? (Hint: use 4 decimal places for your calculations.)
A. $50,596.25
B. $44,596.50
C. $45,398.22
D. $43,159.37
E. None of the above.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
