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is 9% . Calculate IRR. Present value of ordinary annuity of $1 : table[[, 10% , 12% , 14% , 15% , 16% , 18%

is

9%

. Calculate IRR.\ Present value of ordinary annuity of

$1

:\ \\\\table[[,

10%

,

12%

,

14%

,

15%

,

16%

,

18%

,

20%
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A company is considering an iron ore extraction project that requires an initial investment of $1,500,000 and will yield annual cash inflows of $557,621 for four years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1: 10% 12% 14% 15% 16% 18% 20% 1 0.909 0.893 0.877 2 1.736 1.690 1.647 3 2.487 2.402 2.322 0.870 0.862 0.847 0.833 1.626 1.605 1.566 1.528 2.283 2.246 2.174 2.106 4 3.170 3.037 2.914 2.855 2.798 2.690 2.589 OA. 16% OB. 18% OC. 17% OD. 20%

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