You may attempt this question 3 more times for credit. A research division of a large consumer electronics company has developed a new type of mp3 player. The project will require an immediate cash outflow of $1,665,321. The new project is expected to produce cash flows of $500,000 per year for 4 consecutive years beginning at the end of year one. What is this projects internal rate of return?

Answer rating: 100% (QA)

The internal rate of return IRR is the discount rate at which the net pr... View the full answer