Question
The Dry Dock is considering a project with an initial cost of $105,271 and cash inflows for Years 1 to 3 of $37,200, $54,600, and
The Dry Dock is considering a project with an initial cost of $105,271 and cash inflows for Years 1 to 3 of $37,200, $54,600, and $46,900, respectively. What is the IRR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
A project has cash flows of $148,000, $43,000, $87,000, and $65,500 for Years 0 to 3, respectively. The required rate of return is 11 percent. Based on the internal rate of return of percent for this project, you should the project.
Enter your answer in the first blank as a percent rounded to 2 decimal places, e.g., 32.16. Also enter either "accept" or "reject" in the second blank.
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