A project is estimated to cost $362,672 and provide annual net cash flows of $76,000 for nine years Determine the internal rate of return for this project, using Exhibit 5 Exhibit 5 Partial Present Value of an Annuity Table Present Value of an Annulty of $1 at Compound Interest 6 0 943 1 833 2 673 ...

A project is estimated to cost $362,672 and provide annual net cash flows of $76,000 for nine

Question:

A project is estimated to cost $362,672 and provide annual net cash flows of $76,000 for nine years. Determine the for this project, using Exhibit 5.
Exhibit 5: Partial Present Value of an Table

Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment... Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...