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What is the approximate IRR for a project that costs $125,000 and provides cash inflows of $25,000 for 7 years? (round the answer to the
What is the approximate IRR for a project that costs $125,000 and provides cash inflows of $25,000 for 7 years? (round the answer to the nearest .01%) (Hint: PVAF (7, 9.2%) = 4.9994; PVAF(7, 9%) = 5.033; PVAF(7, 10%)= 4.86842)
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