A project with an initial cost of $51,200 is expected to generate annual cash flows of $16,030 for the next 5 years. What is the project's internal return? Multiple Choice 18.97% 15.37% 18.50%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A project with an initial cost of $51,200 is expected to generate annual cash flows of $16,030 for the next 5 years. What is the project's internal
return?
Multiple Choice
O
18.97%
15.37%
18.50%
16.22%
Transcribed Image Text:A project with an initial cost of $51,200 is expected to generate annual cash flows of $16,030 for the next 5 years. What is the project's internal return? Multiple Choice O 18.97% 15.37% 18.50% 16.22%
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