=+b. A project requiring an initial outlay of 5,400 will yield returns of 1,000 a year for

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=+b. A project requiring an initial outlay of £5,400 will yield returns of £1,000 a year for 10 years.

i. What is the internal rate of return (IRR) on the project?

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Corporate Finance For Business The Essential Concepts

ISBN: 9783030924188

2nd Edition

Authors: Ronny Manos, Keith Parker, D. R. Myddelton

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