An entrepreneur would like to buy a piece of equipment for his business. The equipment cost $50,000

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An entrepreneur would like to buy a piece of equipment for his business. The equipment cost $50,000 and will increase cash flow by $20,000 each year for 5 years. What is his IRR?

What is IRR

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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Posted Date: Aug 02, 2018 01:43 AM

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An entrepreneur would like to buy a piece of equipment for his business. The equipment cost $50,000

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Computation of the Internal rate of Return IRR Usin... View the full answer

Contemporary Business Mathematics with Canadian Applications

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