Question
Wing Air, Inc. has a project with the following cash flows: Required Return of 9%. Annual cash flows: Year 0$(24,000) Year 1 $9,200 Year 2
Wing Air, Inc. has a project with the following cash flows:
Required Return of 9%.
Annual cash flows:
Year 0$(24,000)
Year 1 $9,200
Year 2 $10,300
Year 3 $7,200
What is the internal Rate of Return (IRR)?
a. -12.58
b. $675
c. 37.08%
d. 5.75%
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Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
