An investment of $198, 960 is expected to generate returns of $80,000 per year for each of the next 3 years. What is the investments internal rate of return?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 20EA: Towson Industries is considering an investment of $256,950 that is expected to generate returns of...
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An investment of $198, 960 is expected to generate returns of $80,000 per year for each of the next 3 years. What is the investments internal rate of return?
Transcribed Image Text:An investment of $198, 960 is expected to generate returns of $80,000 per year for each of the next 3 years. What is the investments internal rate of return?
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