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You wish to evaluate a project requiring an initial investment of $ 45,400 and having a useful life of 5 years. What minimum amount of
You wish to evaluate a project requiring an initial investment of $ 45,400 and having a useful life of 5 years. What minimum amount of annual cash inflow do you need if your firm has a cost of capital of 7.7 %? If the project is forecast to earn $ 12,900 per year over the 5 years, what is its IRR? Is the project acceptable? The minimum amount of annual cash inflow necessary is $ nothing. (Round to the nearest cent.)
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