You are evaluating a project that will require an initial investment of $350. Over the next four years, the project is expected to generate after-tax cash flows of 22, 34, 41, 46. If 6% is your appropriate discount rate, what is the IRR of this project to the nearest hundredth (.01)? -19.06% 0.18% 3.83% -25.79%

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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1. You are evaluating a project that will require an initial investment of $350. Over
the next four years, the project is expected to generate after-tax cash flows of 22,
34, 41, 46. If 6% is your appropriate discount rate, what is the IRR of this project to
the nearest hundredth (.01)?
-19.06%
0.18%
3.83%
-25.79%
Transcribed Image Text:1. You are evaluating a project that will require an initial investment of $350. Over the next four years, the project is expected to generate after-tax cash flows of 22, 34, 41, 46. If 6% is your appropriate discount rate, what is the IRR of this project to the nearest hundredth (.01)? -19.06% 0.18% 3.83% -25.79%
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