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Question
Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital (and even negative), in which case it will be rejected.
Year 0 1 2 3 4 5
Cash flows -$9,500 $2,000 $2,025 $2,050 $2,075 $2,100
a. 2.08%
b. 2.31%
c. 2.57%
d. 2.82%
e. 3.10%
Answer
This answer is hidden. It contains 1 characters.
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