Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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(IRR calculation)
Jella Cosmetics is considering a project that costs $800,000 and is expected to last for 10 years and produce future cash flows of $175,000 per year.
If the appropriate discount rate for this project is 17 percent, what is the project's IRR?
The project's IRR is ( ? ) %.
(Round to two decimal places.)
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