Hilltop Company invested $100,000 in a two-year project.The cash flow was $40,000 for the first year.Assuming that the internal rate of return was exactly 12%,what was the cash flow for the second year of the project? (Ignore income taxes in this problem.)

Question

Quizplus · Accepted Answer

The Answer of Hilltop Company invested $100,000 in a two-year project.The cash flow was $40,000 for the first year.Assuming that the internal rate of return was exactly 12%,what was the cash flow for the second year of the project? (Ignore income taxes in this problem.)

Hilltop Company Invested $100,000 in a Two-Year Project