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If you invest $50000, how much will it grow to after 10 years? Assume an annual rate of return is 8%. You are considering investing
If you invest $50000, how much will it grow to after 10 years? Assume an annual rate of return is 8%. You are considering investing in a project that will require an initial capital outlay of $30000 and generate annual cash flows of $3293.8 for 15 years. What is the internal rate of return (IRR) for this project? (Enter decimals for percent. For example, enter .10 for 10%.)
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