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The Melbourne Corp. wants to set up a private holiday business. According to the CFO, Larry Sheep. business is booming. As a result, the
The Melbourne Corp. wants to set up a private holiday business. According to the CFO, Larry Sheep. business is booming. As a result, the project will provide a net cash inflow of $200,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 7 percent per year forever. The project requires an initial investment of $2,000,000. What is the IRR of this project?
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
