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2. Problem 11.02 (IRR) eBook Project L costs $59,519.49, its expected cash inflows are $12,000 per...

2. Problem 11.02 (IRR) eBook Project L costs $59,519.49, its expected cash inflows are $12,000 per year for 11 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places. %

Solutions

Expert Solution

Solution :

The IRR of the Project L = 16.35 %

Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.


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