Question: You are planning a major project that requires an initial investment of $90 million today (Year 0). The project is expected to generate $15 million

You are planning a major project that requires an initial investment of $90 million today (Year 0). The project is expected to generate $15 million annually for the next 12 years. However, at the end of year 12, you must spend $20 million to restore the land. What is the Internal Rate of Return (IRR) for this project? Hint: CF = -90 million CF to CF = +15 million per year CF = +15 million income - 20 million restoration = -5 million

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