Internal rate of return method for a service company

Vail Resorts, Inc. $($MTN$),$ announced a $$561,845$ million expansion of lodging properties, ski lifts, and terrain in Park City, Utah. Assume that this investment is estimated to produce $$185,000$ million in equal annual cash flows for each of the first $4$ years of the project life.

Present Value of an Annuity of $$1$ at Compound Interest

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