Question
What is the IRR for the following project if its initial after tax cost is $5,000,000 and it is expected to provide after-tax operating cash
What is the IRR for the following project if its initial after tax cost is $5,000,000 and it is expected to provide after-tax operating cash inflows of $1,800,000 in year 1, $1,900,000 in year 2, $1,700,000 in year 3 and $1,300,000 in year 4?
A)13.57%
B)0.00%
C)15.57%
D)None of the above
How do you get 13.57?
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Financial Management
Authors: Rajiv Srivastava, Anil Misra
2nd Edition
0198072074, 9780198072072
