Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the internal rate of return for a project that is expected to cost 6,470 dollars today; produce a cash flow of 11,851.89 dollars

What is the internal rate of return for a project that is expected to cost 6,470 dollars today; produce a cash flow of 11,851.89 dollars in 8 years; and have a net present value of -1,075.84 dollars? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey Rosen, Ted Gayer

10th Global Edition

007715469X, 978-0077154691

More Books

Students also viewed these Finance questions

Question

7. What are recurrent themes in human relations?

Answered: 1 week ago