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The Blue Sky Skl Resort plans fo instafl a new chair iff. Construction is nstimated to requie an immediate outfay of $250.000. The life of
The Blue Sky Skl Resort plans fo instafl a new chair iff. Construction is nstimated to requie an immediate outfay of $250.000. The life of the if is astimated to be Efteen years with a salvage value of $95,000. Cost of clearing and grooming the new area is expected to be $25,000 for each of the first three years of operation. Nost canh inflows from the lif are expected to be $42,000 for ench of the first five years and $100,000 for each of the folowing len years. Calculuse the internie rate of retum (RRR) The internal rate of return is (Round to the neareat tenth as needed.)
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