Ferguson Furniture is planning to expand their product line to include outdoor furniture. This will require the
Fantastic news! We've Found the answer you've been seeking!
Question:
Ferguson Furniture is planning to expand their product line to include outdoor furniture. This will require the purchase of a new assembly line for $1,200,000. They expect to have a net income of $250,000, $280,000, $300,000, $325,000, and $360,000 for the first five years, respectively. Using the IRR calculation in Excel, what is the IRR for this project?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date: