A project has an initial cost of $50,000, expected net cash inflows of $12,000 per year for 8 years, and a cost of capital of 10%. What is the project's IRR? Round your answer to two decimal places.
Ans IRR = 17.31%
A project has an initial cost of $50,000, expected net cash inflows of $12,000 per year for 8 years, and a cost of capital of 10%. The project's IRR is 17.31%
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