OpenDoor Cafe is considering opening a new food court in a major US city. The initial investment is expected to be $11,550,000. The projected cash flows are $3,410,000 in years one and two, $2,220,000 in year three, $1,990,000 in year four, and $4,485,000 on year five. What is this project's internal rate of return? 18.03% 10.61% O 12.70% 6.95%

OpenDoor Cafe is considering opening a new food court in a major US city. The initial investment is expected to be $11,550,000. The projected cash flows are $3,410,000 in years one and two, $2,220,000 in year three, $1,990,000 in year four, and $4,485,000 on year five. What is this project's internal rate of return? 18.03% 10.61% O 12.70% 6.95%

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Description: OpenDoor Cafe is considering opening a new food court in a major US city. The initial investment isexpected to be $11,550,000. The projected cash flows are $3,410,000 in years one and two,$2,220,000 in year three, $1,990,000 in year four, and $4,485

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter11: Capital Budgeting And Risk

Section: Chapter Questions

Problem 20P

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