A project has estimated to cost $54,035. and provide annual net cash flows of $12,000 for 8 years. Determine the internal rate of return for this project.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter12: Capital Investment Analysis
Section: Chapter Questions
Problem 4BE: Internal rate of return A project is estimated to cost 463,565 and provide annual net cash flows of...
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A project has estimated to cost $54,035. and provide annual net cash flows
of $12,000 for 8 years. Determine the internal rate of return for this project.
Transcribed Image Text:A project has estimated to cost $54,035. and provide annual net cash flows of $12,000 for 8 years. Determine the internal rate of return for this project.
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