Present Value of an Annuity of 1 Period 8% 9% 10% 1 0.926 0.917 0.909 2...

Transcribed Image Text:

Present Value of an Annuity of 1 Period 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $283472 and is expected to generate cash inflows of $112000 each year for three years. The approximate internal rate of return on this project is Present Value of an Annuity of 1 Period 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $283472 and is expected to generate cash inflows of $112000 each year for three years. The approximate internal rate of return on this project is

Answer rating: 100% (QA)

To determine the approximate internal rate of return IRR for the project we need to find the discoun... View the full answer