Question: You are considering a new project that has an initial capital outlay (today at t=0) of $100 and the project makes $30 of free cash
You are considering a new project that has an initial capital outlay (today at t=0) of $100 and the project makes $30 of free cash flow each year for 4-years (i.e, makes $30 FCF each year from t=1 to t=4). If the cost of capital (i.e., WACC or discount rate) is 10%, what is the IRR of the project? (answer upto 4 decimal e.g., 0.1234).
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