Air Porters Inc. is considering acquiring an airplane with a new type of engine that requires more frequent maintenance. Cash flows starting now and for the first eight years are as follows: ($2,000,000); $500,000; $500,000; ($100,000); $450,000; $450,000; ($110,000); $400,000; $400,000. How many internal rates of return does this investment project have?

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The Answer of Air Porters Inc. is considering acquiring an airplane with a new type of engine that requires more frequent maintenance. Cash flows starting now and for the first eight years are as follows: ($2,000,000); $500,000; $500,000; ($100,000); $450,000; $450,000; ($110,000); $400,000; $400,000. How many internal rates of return does this investment project have?