FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The net present value of a project, using a 16% discount factor, is 10,000 negative and, using a 21% discount factor, is 40,000 negative. Identify the approximate internal rate of return for the project. A. 14.3% B. 13.2% C. 17.7% D. 19.3%
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Transcribed Image Text:The net present value of a project, using a 16% discount factor, is 10,000 negative and, using a 21% discount factor, is 40,000 negative. Identify the approximate internal rate of return for the project. A. 14.3% B. 13.2% C. 17.7% D. 19.3%
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