Question: 20 A new project will generate an annual cash flow of $50,000.00 forever. The project will require a $1,000,000.00 investment today however. Based on these
20 A new project will generate an annual cash flow of $50,000.00 forever. The project will require a $1,000,000.00 investment today however. Based on these assumptions, what is the IRR of the project? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
