Question: use excel to solve. You are considering a new project that has an initial capital outlay (today) of $100 and the project makes $30 of
You are considering a new project that has an initial capital outlay (today) of $100 and the project makes $30 of free cash flow each year for 5 years (i.e., cash flow is $30 each year from t-1 to t=5). What is the IRR of the project? Record your answer with four decimal points (for example, use 0.1554 NOT 15.54 or 15.54%)
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