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A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $379,650 and is expected to generate cash inflows of $150,000 each year for three years. The approximate internal rate of return on this project is

User Melkisadek
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3 votes

Answer:

9%

Step-by-step explanation:

- $379,650 CF 0

$150,000 CF 1

$150,000 CF 1

$150,000 CF 1

The approximate internal rate of return on this project is 9%

User Garnet Ulrich
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