Quick Sale Real Estate Company is planning to invest in a new development. The c

Oct 15th, 2015
Anonymous
Category:
Accounting
Price: $5 USD

Question description

Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $23 million and is expected to generate cash flows of $14,000,000, $11,750,000, and $6,350,000 over the next three years. The company's cost of capital is 20 percent. What is the internal rate of return on this project? (Round to the nearest percent.)


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