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The proposed expansion of CIV Electronics' plant facilities requires the immediate outlay of $110,000. Expected net returns are given in the following table. Calculate the
The proposed expansion of CIV Electronics' plant facilities requires the immediate outlay of $110,000. Expected net returns are given in the following table. Calculate the internal rate of return (IRR). Year 1 Year 2 Year 3 $Nil $27,000 $34,000 Year 4 Year 5 Year 6 $53,000 $44,000 $14,000 The internal rate of return is 0 %. (Round to the nearest tenth as needed.)
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