Question: please answer me fast i post it 2 time but both time i get different answers please you give me correct answer first time i
please answer me fast i post it 2 time but both time i get different answers please you give me correct answer first time i get it answer 18% second time i get it 19% i am confused


o Blank 1 Use the following information for Questions 7 through 10: You are heading the R&D department of a growing biotech company. You have identified an investment opportunity that would require a $5 million investment upfront in terms of personnel and lab equipment and subsequent cash outflows of $500,000 per year. The company did a market study that suggests a cash revenue stream of $2.15 million per year for three years and then $1.6 million per year for another three years. At the end of the sixth year, it is estimated that the lab equipment could be sold for a salvage value of $200,000. Assume that all of the cash flows are net of taxes. In terms of risk, the project would be similar to others in the firm, which uses a hurdle rate of 18%. unction 7 Yes because the IRR equals your average yield on the baseball card investment Question 8 10 Points What is the IRR of the project? o 18% O 19% 0 21% 20% Question 9
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