Sevcan Bakery decided to buy a new oven for $12,000. Using this new technology oven, the owner expects to make extra $3,000 for the first year, $4,000 for the second year and $5,000 for the third and $6,000 for the fourth year. What is IRR of the project?

Answer rating: 100% (QA)

To calculate the Internal Rate of Return IRR for the project we need to consider the initial ... View the full answer