Glossimer Thread Company is evaluating an investment that will cost $760,000 and will yield cash inflows of $255,000 in the first year,$325,000 in the second year,and $380,000 in the third and the final year.Use the table below and determine the internal rate of return.
Present value of $1:

The IRR of the project will be ________.

Question

Glossimer Thread Company is evaluating an investment that will cost $760,000 and will yield cash inflows of $255,000 in the first year,$325,000 in the second year,and $380,000 in the third and the final year.Use the table below and determine the internal rate of return.
Present value of $1:

The IRR of the project will be ________.

Quizplus · Accepted Answer

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Glossimer Thread Company Is Evaluating an Investment That Will Cost