Project L requires an initial outlay at t=0 of $78,952, Its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places. %
Project L requires an initial outlay at t=0 of $78,952, Its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places. %
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 1P: A project has an initial cost of 40,000, expected net cash inflows of 9,000 per year for 7 years,...
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![Project L requires an initial outlay at t=0 of $78,952, Its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places.
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5131fdf2-37f9-4b4f-ba1e-1bd8da9865ae%2F9ab0372d-c7e8-4a38-a112-3995139250ff%2F63jbes_processed.png&w=3840&q=75)
Transcribed Image Text:Project L requires an initial outlay at t=0 of $78,952, Its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places.
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