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A company is considering an iron ore extraction project that requires an initial investment of $1,400,000 and will yield annual cash inflows of $613,228 for three years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1: 10% 12% 14% 0.909 0.893 1.736 1.690 1.647 2.487 2.402 2.322 3.170 3.037 2.914 1 2 3 4 16% 18% 0.862 0.847 1.605 1.566 2.246 2.174 2.690 15% 0.877 0.870 1.626 2.283 2.855 2.798 20% 0.833 1.528 2.106 2.589

A company is considering an iron ore extraction project that requires an initial investment of $1,400,000 and will yield annual cash inflows of $613,228 for three years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1: 10% 12% 14% 0.909 0.893 1.736 1.690 1.647 2.487 2.402 2.322 3.170 3.037 2.914 1 2 3 4 16% 18% 0.862 0.847 1.605 1.566 2.246 2.174 2.690 15% 0.877 0.870 1.626 2.283 2.855 2.798 20% 0.833 1.528 2.106 2.589

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company is considering an iron ore extraction project that requires an initial investment of $1,400,000 and will yield annual cash inflows of $613,228 for three years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1: 10% 12% 14% 0.909 0.893 1.736 1.690 2.487 2.402 3.170 3.037 1 2 3 4 OA. 13% OB. 14% 0.877 1.647 2.322 2.914 15% 16% 18% 0.870 0.862 0.847 1.626 1.605 1.566 2.283 2.246 2.174 2.855 2.798 2.690 20% 0.833 1.528 2.106 2.589
Transcribed Image Text:A company is considering an iron ore extraction project that requires an initial investment of $1,400,000 and will yield annual cash inflows of $613,228 for three years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1: 10% 12% 14% 0.909 0.893 1.736 1.690 2.487 2.402 3.170 3.037 1 2 3 4 OA. 13% OB. 14% 0.877 1.647 2.322 2.914 15% 16% 18% 0.870 0.862 0.847 1.626 1.605 1.566 2.283 2.246 2.174 2.855 2.798 2.690 20% 0.833 1.528 2.106 2.589
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