Question
Lauren Medical Group is considering a project that requires a $500,000 investment and is expected to generate end-of-period annual cash inflows of $100,000. for each
Lauren Medical Group is considering a project that requires a $500,000 investment and is expected to generate end-of-period annual cash inflows of $100,000. for each of nine years. The residual value of the project is zero. Assuming the required rate of return is 14%, the internal rate of return of this investment is closest to:
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
