What is the internal rate of return (IRR) of a project that costs $20,070 if it is

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What is the internal rate of return (IRR) of a project that costs $20,070 if it is expected to generate $8,500 per year for 3 years?
Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment...
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Management And Cost Accounting

ISBN: 9781473773615

11th Edition

Authors: Mike Tayles, Colin Drury

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