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What is the internal rate of return of a project costing $3,000; having after-tax cash flows of $1,500 in each of the two years of
What is the internal rate of return of a project costing $3,000; having after-tax cash flows of $1,500 in each of the two years of its two-year life; and a salvage value of $800 at the end of the second year in addition to the $1,500 cash flow? (rounded to the nearest percentage)
a. 13%
b. 15%
c. 16%
d. 19%
if you could show the process both by hand and through the calculator i would really appreciate it
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