DDD is considering a major investment. The investment will have an initial cost of $590,000 and will be depreciated straight-line to a zero book value over the life of the project. The cash inflows generated by the project are estimated at $160,000 for the first 2 years and $50,000 for the following 6 years. 

What is the internal rate of return?

Answer rating: 100% (QA)

The internal rate of return IRR is the discount rate at which the net pres... View the full answer