Question: Calculating the IRR for Project Long Project Long is expected to provide five years of cash inflows and to require an initial investment of

Calculating the IRR for Project Long Project Long is expected to provide

Calculating the IRR for Project Long Project Long is expected to provide five years of cash inflows and to require an initial investment of $100,000. The required rate of return or discount rate that is appropriate for valuing the cash be flows of Project Long is 17 percent. What is Project Long's IRR, and is it a good investment opportunity? 24

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