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You are evaluating a project that requires an initial investment of $1,000,000.00. During the first three years, such project will provide positive free cash flows of $610,000.00 each year. What is the internal rate of return? 37.57% 32.57% 30.12%

You are evaluating a project that requires an initial investment of $1,000,000.00. During the first three years, such project will provide positive free cash flows of $610,000.00 each year. What is the internal rate of return? 37.57% 32.57% 30.12%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You are evaluating a project that requires an initial investment of $1,000,000.00. During the first three years, such project will provide positive free cash flows of $610,000.00 each year. What is the internal rate of return? 37.57% 32.57% 30.12%
Transcribed Image Text:You are evaluating a project that requires an initial investment of $1,000,000.00. During the first three years, such project will provide positive free cash flows of $610,000.00 each year. What is the internal rate of return? 37.57% 32.57% 30.12%
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