Question
Problem 10-2 IRR A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 9 years, and a cost
Problem 10-2 IRR
A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 9 years, and a cost of capital of 12%. What is the project's IRR? Round your answer to two decimal places.
%
**Please round answer to 2 decimal places**
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Financial Institutions Management
Authors: Anthony Saunders
1st Edition
0256110565, 9780256110562
