Wilson, Inc., is considering a new four-year expansion project that requires an initial fixed asset investment of
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Question:
Wilson, Inc., is considering a new four-year expansion project that requires an initial fixed asset investment of $1,950,000.The fixed asset will be depreciated straight-line to zero over its four-year tax life, after which time it will be worthless.The project is estimated to generate $2,140,000 in annual sales, with costs of $1,215,000.If the tax rate is 35%, what is the project's IRR?
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