Vital Silence, Inc., has a project with the following cash flows: Year Cash Flow 0 1 2 3 -$28,900 12,900 15,900 11,900 The appropriate discount rate is 14 percent. What is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Vital Silence, Inc., has a project with the following cash flows: Year Cash Flow 0 1 2 3 -$28,900 12,900 15,900 11,900 The appropriate discount rate is 14 percent. What is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Vital Silence, Inc., has a project with the following cash flows:
Year Cash Flow
0
1
2
3
-$28,900
12,900
15,900
11,900
The appropriate discount rate is 14 percent. What is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal
places, e.g., 32.16.)
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