Question

Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial cash outlay of $7 million (CF0 = −$7 million), and will produce cash flows of $3 million at the end of Year 1, $4 million at the end of Year 2, and $2 million at the end of Years 3 through 5. What is the internal rate of return on this new plant?



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  • CreatedOctober 31, 2014
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