Question: Please answer by giving all the steps. will upvote P Company is considering a 5-year project. It plans to invest $62,000 now and it forecasts

Please answer by giving all the steps. will upvote P Company

Please answer by giving all the steps. will upvote

P Company is considering a 5-year project. It plans to invest $62,000 now and it forecasts cash flows for each year of $16,200. The company requires a minimum rate of 12%. Required: Calculate the internal rate of return to determine whether it should accept this project

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