Central Park Co. is considering a project that will produce cash inflows of $500,000 a year for five years followed by $200,000 a year for the following two years. What is the internal rate of return if the initial cost of the project is $2 million? O 17.48 percent 11.90 percent O 15.81 percent O 13.27 percent
Central Park Co. is considering a project that will produce cash inflows of $500,000 a year for five years followed by $200,000 a year for the following two years. What is the internal rate of return if the initial cost of the project is $2 million? O 17.48 percent 11.90 percent O 15.81 percent O 13.27 percent
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 28P
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