3. Consider the investment project with the net cash flows as shown in the following table. Caculate the value of X if the project's IRR is 23%? End of year (n) Net cash flow -$12,000 $2,500 $5,500 1 2 3 X 4

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
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ISBN:9781305084766
Author:Saeed Moaveni
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Chapter20: Engineering Economics
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Problem 46P
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3. Consider the investment project with the net cash flows
as shown in the following table.
Caculate the value of X if the project's IRR is 23%?
End of year (n)
Net cash flow
-$12,000
$2,500
$5,500
1
2
X
4
Transcribed Image Text:3. Consider the investment project with the net cash flows as shown in the following table. Caculate the value of X if the project's IRR is 23%? End of year (n) Net cash flow -$12,000 $2,500 $5,500 1 2 X 4
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