In: Finance
Project L costs $62,392.42, its expected cash inflows are $13,000 per year for 11 years, and its WACC is 13%. What is the project's IRR? Round your answer to two decimal places.
Cash flows | Year |
(62,392.42) | 0 |
13,000.00 | 1 |
13,000.00 | 2 |
13,000.00 | 3 |
13,000.00 | 4 |
13,000.00 | 5 |
13,000.00 | 6 |
13,000.00 | 7 |
13,000.00 | 8 |
13,000.00 | 9 |
13,000.00 | 10 |
13,000.00 | 11 |
Use IRR function in Excel
IRR of project = 17.20%