Question: 21. Edison Electric Systems is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected
21. Edison Electric Systems is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected. Year: Cash flows: O $1.000 $450 $470 $490 e! 16.73% 17.44% 18.89% 19.05% 20.37%
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