What is the IRR for the following project if its initial after tax cost is $5,000,000 and it is expected to provide after-tax operating cash inflows of $1,800,000 in year 1, $1,900,000 in year 2, $1,700,000 in year 3 and $1,300,000 in year 4

13.57%

Explanation:

Given the data :

Initial after tax cost = 5,000,000

Cash inflows:

Year 1 : $1,800,000

Year 2 : $1,900,000

Year 3 : $1,700,000

Year 4 : $1,300,000

The Internal rate of return can be obtained using the excel ;

IRR(Series of cash flow)

If the data above were inputed in an excel sheet from cell A1 to cell A4 ;

IRR(A1:A4)

Internal rate of return value obtained is 13.57%

1. read the following excerpt from franklin d. roosevelt's "fireside chat 19":

on the other side of the picture, we must learn also to know that guerilla warfare against the germans in, let us say serbia or norway, us; that a successful russian offensive against the germans us; and that british successes on land or sea in any part of the world strengthen our hands.

remember always that germany and italy, regardless of any formal declaration of war, consider themselves at war with the united states at this moment just as much as they consider themselves at war with britain or russia. and germany puts all the other republics of the americas into the same category of enemies. the people of our sister republics of this hemisphere can be honored by that fact.  

the true goal we seek is far above and beyond the ugly field of battle. when we resort to force, as now we must, we are determined that this force shall be directed toward ultimate good as well as against immediate evil. we americans are not destroyers — we are builders.

analyze the effectiveness of this excerpt. how does it function within the speech as a whole? how does the structure of the excerpt to convey the speech's purpose and key points? support your argument with evidence from the speech. (10 points)

just took the test;

argument: "it's time to wage a war against britain to secure american freedom."

claims: "america has tried every peaceful method available for seperating from england" & "the americans' petitions to the king have been turned away by him."