Question

Project L costs $50,060.50, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 11%. What is the project's IRR? Round your answer to two decimal places.v

Answer 1

Cash flows	Year
(50,060.50)	0
11,000.000	1
11,000.000	2
11,000.000	3
11,000.000	4
11,000.000	5
11,000.000	6
11,000.000	7
11,000.000	8
11,000.000	9

Use iRR funciton in Excel

IRR = 16.35%