Question

In: Finance

Project L costs $40,055.10, its expected cash inflows are $9,000 per year for 9 years, and...

Project L costs $40,055.10, its expected cash inflows are $9,000 per year for 9 years, and its WACC is 14%. What is the project's IRR? Round your answer to two decimal places.

Solutions

Expert Solution

"Hence, the Projects Internal Rate of Return (IRR) will be 17.00%"


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