You buy a new piece of equipment for $16,230, and you receive a cash inflow of $2,500

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You buy a new piece of equipment for $16,230, and you receive a cash inflow of $2,500 per year for 12 years. What is the internal rate of return?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 06:54 AM

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You buy a new piece of equipment for $16,230, and you receive a cash inflow of $2,500

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Appendix D IRR 11 For n 12 we find 6492 under the 11 column Using a financial ...View the full answer

Foundations of Financial Management

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