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Suppose a project has up-front costs of $7260. In its first year it earns a revenue of $5000 which falls by $1000 each year. The
Suppose a project has up-front costs of $7260. In its first year it earns a revenue of $5000 which falls by $1000 each year. The project is 5 years long so the revenue in the final year is $1000. The MARR is 9%. What is the IRR of the project described? 40-41% 41-42% 42-43% 43-44% 44-45% None of the above
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