A firm buys a new piece of equipment for $31,548, and will receive a cash flow of
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Question:
A firm buys a new piece of equipment for $31,548, and will receive a cash flow of $4,000 per year for eleven years.
What is the IRR? (Use a financial calculator to arrive at the answers. Round the final answer to the nearest whole percent.)
IRR=
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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