A financing project has an initial cash inflow of $42,000 and cash flows of $15,600, $22,200, and
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A financing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for Years 1 to 3, respectively. The required rate of return is 13 percent. What is the internal rate of return? Should the project be accepted?
Related Book For
Intermediate Financial Management
ISBN: 978-1285850030
12th edition
Authors: Eugene F. Brigham, Phillip R. Daves
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