A company is considering a project that delivers a constant cash-flow of 60 million SEK for six years where the first cash-flow is received at the end of this year. It requires an initial investment of 1150million SEK. After the first six years the cash-flows will grow at a rate of 1% per yearforever. What is the IRR of this project closest to? in Excel please

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 19EA: Redbird Company is considering a project with an initial investment of $265,000 in new equipment...
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A company is considering a project that delivers a constant cash-flow of 60 million SEK for six years where the first cash-flow is received at the end of this year. It requires an initial investment of 1150million SEK. After the first six years the cash-flows will grow at a rate of 1% per yearforever. What is the IRR of this project closest to? in Excel please
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