The Dry Dock is considering a project with an initial cost of $107,400 and cash inflows for Years 1 to 3 of $37,200, $54,600, and $46,900, respectively. What is the IRR

13.41%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = $-107,400  

Cash flow in year 1 = $37,200

Cash flow in year 2 = $54,600

Cash flow in year 3 = $46,900

IRR = 13.41%

To determine IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

reducing the scale of the market for a new product.

answer/// there is an inverse relationship between price and quantity demanded;