Question: Mode publishing is considering a new printing facility that will involve a large initial outlay and then result in a series of positive cash flows

  1. Mode publishing is considering a new printing facility that will involve a large initial outlay and then result in a series of positive cash flows for four years. The estimated cash flows associated with this project are:

Year: Project Cash Flow:

0 ?

1 810 Million

2 350 Million

3 280 Million

4 450 Million

If you know that the project has a regular payback of 2.9 years, what is the project's internal rate of return?

a. The IRR of the project is __________?

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