Question
Jella Cosmetics is considering a project that costs $850,000 and is expected to last for 9 years and produce future cash flows of $170,000 per
Jella Cosmetics is considering a project that costs $850,000 and is expected to last for 9 years and produce future cash flows of $170,000 per year. If the appropriate discount rate for this project is 16 percent, what is the project's IRR? The project's IRR is %.(Round to two decimal places.)
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
