Which of the following comes closest to the internal rate of return (IRR) of a project that requires an initial investment of $100 and produces
Which of the following comes closest to the internal rate of return (IRR) of a project that requires an initial investment of $100 and produces a single cash flow of $160 at the end of year 9? The required rate of return for the project is 10%.
| a. | 4.81% | |
| b. | 6.05% | |
| c. | 3.99% | |
| d. | 4.37% | |
| e. | 5.36% |
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Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
