Question
Lazard Inc. is considering a new inventory system that will cost $375,000. The system is expected to generate $175,000 in year one, $125,000 in year
Lazard Inc. is considering a new inventory system that will cost $375,000. The system is expected to generate $175,000 in year one, $125,000 in year two, $85,000 in year three, and $150,000 in year four. Lazard's required rate of return is 10%. What is the IRR (Internal Rate of Return) of this project?
A. 21.06%
B. 16.86%
C. 19.13%
D. 11.09%
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
