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Starwood Inc. is investigating a project with the following cash flows and its cost of capital is 13%. Year Cash Flow 0 -$34,000,000 1 $
Starwood Inc. is investigating a project with the following cash flows and its cost of capital is 13%.
Year Cash Flow 0 -$34,000,000
1 $ 9,000,000
2 $ 9,000,000
3 $ 9,000,000
4 $ 9,000,000
5 $ 9,000,000
6 $ 9,000,000
7 $ 9,000,000
What is the internal rate of return (IRR) of this project?
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