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In: Finance

Project L costs $61,265.72, its expected cash inflows are $13,000 per year for 9 years, and...

Project L costs $61,265.72, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 14%. What is the project's IRR? Round your answer to two decimal places.

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Expert Solution

Ans 15.35%

Project L costs $61,265.72, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 14%. The project's IRR is 15.35%


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