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Use the attached spreadsheet (if required) for the following question: Randel Company is evaluating a capital expenditure proposal that has the following predicted cash flows:
Use the attached spreadsheet (if required) for the following question: Randel Company is evaluating a capital expenditure proposal that has the following predicted cash flows: Initial investment $45,110 Operation (cash inflow) Year 1 20,640 Year 2 30,000 Year 3 10,000 Salvage value (sold at end of year 3) 4,000 Determine the Internal Rate of return of this project (write your answer in percentage - round up to two decimal points. For e.g a rate of 8.35 percent should be written as 8.35)
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