Question
Olive Company is considering a project that is estimated to cost $281,500 and provide annual net cash flows of $66,523 for the next five years.
| Olive Company is considering a project that is estimated to cost $281,500 and provide annual net cash flows of $66,523 for the next five years. |
| What is the internal rate of return for this project? |
this is what im doing but its wrong and i cant figure it out.
(X*66523)-281000=0
x=4.22%
this is incorrect can someone help me please?
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Auditing Derivative Strategies
Authors: Barbara Davison
1st Edition
0894134434, 978-0894134432
