In: Finance
A project has an initial cost of $50,000, expected net cash inflows of $11,000 per year for 9 years, and a cost of capital of 11%. What is the project's IRR? Round your answer to two decimal places.
Solution :
The project's IRR = 16.3850 %
= 16.39 % ( when rounded off to two decimal places )
Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.