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Need help with practice problem, please show work, thank you A company is making an investment of $2,300,281 that will yield the following cash flows:
Need help with practice problem, please show work, thank you
A company is making an investment of $2,300,281 that will yield the following cash flows: Year 1 $246,700 Year 2 $396,800 Year 3 $688,400 Year 4 $868,700 Year 5 $1,146,383 Click here to view factor tables What is the internal rate of return of the investment? (Round present value factor calculations to 4 decimal places, eg. 1.2151 and final answer to decimal places, eg. 12%.)Step by Step Solution
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