Maldonado Steel invested in a new project that has an internal rate of return (IRR) of 9%. They expect the project to have annual cash flows of $52,000 for six years. What were the capital expenditures for this project (the PV of an annuity for 6 periods at 9% = 4.48592)? $261,713.40 $233,267.84 $202,261.80 $226,473.52

Maldonado Steel invested in a new project that has an internal rate of return (IRR) of 9%. They expect the project to have annual cash flows of $52,000 for six years. What were the capital expenditures for this project (the PV of an annuity for 6 periods at 9% = 4.48592)? $261,713.40 $233,267.84 $202,261.80 $226,473.52

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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Maldonado Steel invested in a new project that has an internal rate of return (IRR) of 9%.
They expect the project to have annual cash flows of $52,000 for six years. What were the
capital expenditures for this project (the PV of an annuity for 6 periods at 9% = 4.48592)?
$261,713.40
$233,267.84
$202,261.80
$226,473.52

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