The director of Megah Corporation is evaluating a project that will cost RM120,000; it is expected to last 10 years and produce after-tax cash flows of RM23,910 per year. If the company's cost of capital is 14% and its tax rate is 40%, what is the internal rate of return (IRR) of the project?

Answer rating: 100% (QA)

IRR is the rate at which NPV is zero Compute NPV at 15 as shown below Initial investment ... View the full answer