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Project X Has an Initial Cost of $2,000 and Cash

Question 24

Essay

Project X has an initial cost of $2,000 and cash flows of $50 in year 1,$200 in year 2 and $3,490 in year three.What is the internal rate of return for the project?

Correct Answer:

verifed

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Using trial and error
IRR= 20%...

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