A firm is considering an investment project which requires an initial outlay of $10 million. The 12-year project is expected to generate annual net cash flows of $1 million each year and have an expected terminal value at the end of the project of $4 million. The cost of capital is 22 percent, and the firm's marginal tax rate is 40 percent. Calculate the internal rate of return of this project.
Answers: 2
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Business, 22.06.2019 11:30, astorkid
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Business, 22.06.2019 21:20, isabelvaldez123
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A firm is considering an investment project which requires an initial outlay of $10 million. The 12-...
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