Builtrite Co. is looking to install new equipment that will cost $2,750,000. The cash flows expected from the project are 5612,335, $891,005, 31,132,000, and $1,412,500 for the next four years. What is Builtrite's internal rate of return? (Round tow nearest percent) 0.17%

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Builtrite Co. is looking to install new equipment that will cost $2,750,000. The cash flows expected from the project are
8612,335, $091,005, 91,132,000, and $1,412,500 for the next four years. What is Builtrite's internal rate of return (Round to
nearest percent)
O 15%
Transcribed Image Text:Builtrite Co. is looking to install new equipment that will cost $2,750,000. The cash flows expected from the project are 8612,335, $091,005, 91,132,000, and $1,412,500 for the next four years. What is Builtrite's internal rate of return (Round to nearest percent) O 15%
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