Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Ibuku Property Development Company is refurbishing a 200-unit condominium complex at a cost of $5,250,000. It expects that this will lead to expected annual after tax cash flows of $900,000 for the next ten years. What internal rate of return can the company earn from this project? 

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