A company has a minimum required rate of return of 8. it, Ask an Expert

Accounting

Use the following table,

Present value of an Annuity of 1
Period 8% 9% 10%
1 .926 .917 .909
2 1.783 1.759 1.736
3 2.577 2.531 2.487

A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $227,790 and is expected to generate cash inflows of $90,000 each year for three years. what is the approximate internal rate of return on this project?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972557

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