finance

User Generated

feg10

Business Finance

Description

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:
YearCash Flow
0–$28,000
112,000
215,000
311,000

If the required return is 14 percent, what is the IRR for this project? (Round your answer to 2 decimal places. (e.g., 32.16))


 IRR % 

Should the firm accept the following project?

Reject
Accept

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

This question has not been answered.

Create a free account to get help with this and any other question!

Related Tags