Question: Question 27 3.3 Points (Competency 4: Learning Objective 6) A company is considering an iron ore extraction project that requires an initial investment of $1,400,000

Question 27 3.3 Points (Competency 4: Learning Objective 6) A company is considering an iron ore extraction project that requires an initial investment of $1,400,000 and will yield annual cash flows of $613,228 for three years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1: 10% 12% 14% 15% 16% 18% 20% 0.909 0.893 0.877 0.870 0.862 0.847 0.833 1.736 1.690 1.647 1.626 1.605 1.566 1.528 2.487 2.402 2.322 2.283 2.246 2.174 2.106 4 3.170 3.037 2.914 2.855 2.798 2.690 2.589 15% B 17% 14% D 13% Questions Filter (30) ho

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