Mickey Inc. is evaluating the following project. The CFO has determined that the appropriate risk-adjusted discount rate
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Question:
Mickey Inc. is evaluating the following project. The CFO has determined that the appropriate risk-adjusted discount rate is 10%.
Year Cash Flow
0 -20,000,000
1 3,000,000
2 3,000,000
3 3,000,000
4 3,000,000
5 4,000,000
6 4,000,000
7 -1,000,000
8 4,000,000
9 4,000,000
In theory, how many potential IRRsexist for the project?(enter a whole number)
*i put 2 and it was wrong.
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