A paper company invests $4m to clear a tract of land and plant some young pine trees. The trees will mature in 10 years, at which time the forest will have a market value of $12m. The required rate of return for long-term projects is 15%. Calculate the internal rate of return for the paper company's investment and decide if the project should be accepted or rejected.

Answer rating: 100% (QA)

To calculate the internal rate of return IRR for the paper companys investment we need to determine ... View the full answer