In: Finance
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. %
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.