Question
Iron Works International is considering a project that will produce annual cash flows of $38,100, $46,800, $57,500, and $23,000 over the next four years, respectively.
Iron Works International is considering a project that will produce annual cash flows of $38,100, $46,800, $57,500, and $23,000 over the next four years, respectively. What is the internal rate of return if the project has an initial cost of $112,900?
Multiple Choice
16.44%
17.93%
14.94%
15.94%
17.19%
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
