Question: While using the trial-and-error approach to find a project's IRR, you first try 8% and find the present value of the cash inflows to be
While using the trial-and-error approach to find a project's IRR, you first try 8% and find the present value of the cash inflows to be exactly equal to the cost of the project. From this you can conclude that A. the IRR cannot be calculated for this project. B. the IRR is above 8%. C. the IRR is below 8%. D. the IRR is 8%
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