A project requires an initial investment of $61.32 million to buy new equipment, and will provide after-tax cash flows of $22 million per year for 4 years. 1. What is the project's internal rate of return?

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Chapter26: Capital Investment Analysis
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A project requires an initial investment of $61.32 million to buy new equipment, and will provide after-tax cash flows of $22 million per year for 4 years.

1. What is the project's internal rate of return?

 
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