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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% 
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. A. 16% B. 18% C. 17% D. 20%
is
9%. Calculate IRR.\ Present value of ordinary annuity of
$1:\ \\\\table[[,
10%,
12%,
14%,
15%,
16%,
18%,
20% Step by Step Solution
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