. Determine the internal rate of return for the project using a financial calculator. Round to the nearest tenth of the percenta

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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An investment project requires an initial outlay of $100,000 and is expected to generate annual cash inflows of $28,000 for the next 5 years. Determine the internal rate of return for the project using a financial calculator. Round to the nearest tenth of the percentage.

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