Question: Powers, Inc., has a project that requires an initial investment of $43,000 and has the following expected stream of cash flows: Year 1 ......$20,000 Year

Powers, Inc., has a project that requires an initial investment of $43,000 and has the following expected stream of cash flows:

Year 1 ......$20,000

Year 2 ...... 30,000


Required

Use Excel to calculate the project’s internal rate of return.


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