Question
The required rate of return for a project is 10 percent. The project has an initial outlay of $5000 and a single expected free cash
The required rate of return for a project is 10 percent. The project has an initial outlay of $5000 and a single expected free cash flow at the end of the first year of $6000. The project's internal rate of return is:
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
