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Project X has an initial cost of $31,182, and its expected net cash inflows are $8,500 per year for 8 years. The firm has a
Project X has an initial cost of $31,182, and its expected net cash inflows are $8,500 per year for 8 years. The firm has a WACC of 9 percent, and Project Xs risk would be similar to that of the firms existing assets. Calculate Project Xs internal rate of return (IRR).
a. 17.22% b. 21.53% c. 118.07% d. 9.00% e. 10.24% May I know step-by-step? or how to solve on the calculator?
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