Question
Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $23 million and is expected
Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $23 million and is expected to generate cash flows of $10,920,000 for each year over the next three years. The company's cost of capital is 24 percent. What is the internal rate of return on this project?
Group of answer choices
26%
24%
22%
20%
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Authors: Mr Mark Gates
1st Edition
1974565491, 978-1974565498
