(IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $9,500 resulting in a cash inflow of $1,912 at the end of each year for the next 8. years. The internal rate of return of the project is %. (Round to the nearest whole percent.) RIIE

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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(IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $9,500 resulting in a cash inflow of $1,912 at the end of each year for the next 8
years.
The internal rate of return of the project is %. (Round to the nearest whole percent.)
...
Transcribed Image Text:(IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $9,500 resulting in a cash inflow of $1,912 at the end of each year for the next 8 years. The internal rate of return of the project is %. (Round to the nearest whole percent.) ...
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