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A 25- year project has a cost of $1,500,000 and has annual cash flows of...

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Accounting

A 25- year project has a cost of $1,500,000 and has annual cash flows of $400,000 in years 1-15, and $200,000 in years 16-25. The company's required rate is 14%. Given this information, calculate the IRR of the project.

Multiple Choice

  • 28.28%

  • 26.22%

  • 24.25%

  • 30.25%

  • 22.25%

Answer & Explanation Solved by verified expert
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