Candela Cable Company is considering investing $450,000 in telecommunications equipment that has an estimated life of five years with no residual value.The cash flows are as shown below:
The present value of $1:
The IRR of the project would be ________.
A) between 12% and 13%
B) more than 13%
C) less than 10%
D) between 9% and 10%
Correct Answer:
Verified
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