Question: Caraway Spice Inc is considering a project that would require an initial outlay of $350,000 and will result in a return of $47,553.79/year for 10

Caraway Spice Inc is considering a project that would require an initial outlay of $350,000 and will result in a return of $47,553.79/year for 10 years. What is the IRR? a. To solve, remember your work from TVM chapter (Chapter 6) when you had to determine the interest rate. Using same process with the TVM formula and the Tables to determine the IRR. Answer: _____

If the cost of capital is 5%, should Caraway pursue this project?

Answer:________

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