1) A company is considering a project for investment which will cost $70,000. The company...
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Accounting
1) A company is considering a project for investment which will cost $70,000. The company has a cost of capital of 8%. The project has the following discounted cash flows:
Year cash flows
1 23,000
2 30,000
3 21,000
4 14,000
Use the following discount rates to calculate IRR of the project?
Discount factor @ 8% Discount factor @ 15%
Year 1 0.926 0.870
Year 2 0.857 0.756
Year 3 0.794 0.658
Year 4 0.735 0.572
What is its IRR?
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