Question
You are considering a project that requires an initial investment of $110,000 with a cost of capital of 8%. You expect the project to have
You are considering a project that requires an initial investment of $110,000 with a cost of capital of 8%. You expect the project to have a five-year life, and produce cash flows of $17,000 in year 1, $38,000 in year 2, $58,000 in year 3, $27,000 in year 4 and $10,000 in year 5.
What is this projects IRR?
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Applied Corporate Finance A Users Manual
Authors: Aswath Damodaran
2nd Edition
9780471660934
