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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Please send me the solution correct and if possible without excel

You are evaluating a project that requires an initial investment of $1,000,000.00. During the first
three years, such project will provide positive free cash flows of $610,000.00 each year.
What is the internal rate of return?
37.57%
32.57%
30.12%
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Transcribed Image Text:You are evaluating a project that requires an initial investment of $1,000,000.00. During the first three years, such project will provide positive free cash flows of $610,000.00 each year. What is the internal rate of return? 37.57% 32.57% 30.12%
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