IRR A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 8%. What is the project's IRR? Round your answer to two decimal places. %
IRR A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 8%. What is the project's IRR? Round your answer to two decimal places. %
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 1P: A project has an initial cost of 40,000, expected net cash inflows of 9,000 per year for 7 years,...
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![IRR A project has an initial cost of $40,000, expected
net cash inflows of $9,000 per year for 7 years, and a
cost of capital of 8%. What is the project's IRR? Round
your answer to two decimal places. %](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F43b9b7ee-ca44-4378-8308-dfa74cbf1b83%2F9ccc3608-23e1-40ef-a460-716fa5097c54%2Fplu1fwc_processed.png&w=3840&q=75)
Transcribed Image Text:IRR A project has an initial cost of $40,000, expected
net cash inflows of $9,000 per year for 7 years, and a
cost of capital of 8%. What is the project's IRR? Round
your answer to two decimal places. %
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