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Internal Rate of Return (IRR) Please show the formula Wild Horse Corporation is considering a major...

Internal Rate of Return (IRR)

Please show the formula

Wild Horse Corporation is considering a major expansion that will cost SAR 22,000,000.

Annual cash flows from the project are expected to be SAR 4,950,000 for 6 years.

The firm uses a discount rate of 8%.

Calculate the Internal Rate of Return (IRR) of the project. (Round to 2 decimal places.)
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Answer #1


The Internal Rate of Return (IRR) of the project is 9.31%

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