Question
Project L requires an initial outlay at t = 0 of $59,129, its expected cash inflows are $11,000 per year for 9 years, and its
Project L requires an initial outlay at t = 0 of $59,129, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places.
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
