A project is estimated to cost $56,434 and provide annual net cash flows of $14,000 for nine

Question:

A project is estimated to cost $56,434 and provide annual net cash flows of $14,000 for nine years. Determine the internal rate of return for this project, using Exhibit 2.

Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment...