(IRR calculation) Jella Cosmetics is considering a project that costs $750,000 and is expected to last for 8 years and produce future cash flows of $180,000 per year. If the appropriate discount rate for this project is 19 percent, what is the project's IRR? The project's IRR is %. (Round to two decimal places.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter10: Capital Budgeting: Decision Criteria And Real Option
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(IRR calculation) Jella Cosmetics is considering a project that costs $750,000 and is expected to last for 8 years and produce future cash flows of $180,000 per year.
If the appropriate discount rate for this project is 19 percent, what is the project's IRR?
The project's IRR is %. (Round to two decimal places.)
Transcribed Image Text:(IRR calculation) Jella Cosmetics is considering a project that costs $750,000 and is expected to last for 8 years and produce future cash flows of $180,000 per year. If the appropriate discount rate for this project is 19 percent, what is the project's IRR? The project's IRR is %. (Round to two decimal places.)
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