20. A project requiring $45.5 million initial investments at 8% cost of capital is being...
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20. A project requiring $45.5 million initial investments at 8% cost of capital is being considered. The expected cash flows for the 5 periods are 10.5m, 9.45m, 14.67m, 11.35m and 8.9m dollars. Calculate the IRR of the project using the trial and error method and show if the project is acceptable or not. (10
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