(IRR calculation) Jella Cosmetics is considering a project that costs $800,000 and is expected to last for 10 years and produce future cash flows of $175,000 per year. If the appropriate discount rate for this project is 17 percent, what is the project's IRR? The project's IRR is ( ? ) %. (Round to two decimal places.)
(IRR calculation) Jella Cosmetics is considering a project that costs $800,000 and is expected to last for 10 years and produce future cash flows of $175,000 per year. If the appropriate discount rate for this project is 17 percent, what is the project's IRR? The project's IRR is ( ? ) %. (Round to two decimal places.)
Chapter9: Capital Budgeting Techniques
Section: Chapter Questions
Problem 11PROB
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(IRR calculation)
Jella Cosmetics is considering a project that costs $800,000 and is expected to last for 10 years and produce future cash flows of $175,000 per year.
If the appropriate discount rate for this project is 17 percent, what is the project's IRR?
The project's IRR is ( ? ) %.
(Round to two decimal places.)
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