Question
You are considering a project that requires an initial investment of $115,000 with a cost of capital of 9%.You expect the project to have a
You are considering a project that requires an initial investment of $115,000 with a cost of capital of 9%.You expect the project to have a five-year life, and produce cash flows of $27,000 in year 1, $39,000 in year 2, $56,000 in year 3, $27,000 in year 4 and $10,000 in year 5.
What is this project's IRR?
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Fundamental Managerial Accounting Concepts
Authors: Thomas P Edmonds, Philip R Olds
9th Edition
1259969509, 9781259969508
