Project L costs $52,116.01, its expected cash inflows are $11,000 per year for 9 years, and...

70.2K

Verified Solution

Question

Finance

Project L costs $52,116.01, its expected cash inflows are$11,000 per year for 9 years, and its WACC is 12%. What is theproject's IRR? Round your answer to two decimal places.

Answer & Explanation Solved by verified expert
4.4 Ratings (943 Votes)
SEE THE IMAGE ANY    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students