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Pls help me solve this without Excel. I got this incorrect. A new IT server for a company will cost $448,864.00 today. The company expects
Pls help me solve this without Excel. I got this incorrect.
A new IT server for a company will cost $448,864.00 today. The company expects the server will create an incremental cash flow to the firm of $131,277.00 per year. The company wants an 8.00% return for all capital budgeting projects. The company will run the server for the next 5 years.
What is the IRR of this project?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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