Our company is thinking about updating one of its production facilities and believes that by investing $21
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Question:
It expects an additional cash flow of $6 million at the end of that period, as it plans to resell some of its used production equipment at that time. The required rate of return on this project is 10%.
What is the internal rate of return of this potential investment?
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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