You have a project with the following cash flows: Year 0: -$100,000 Year 1: -$60,000 Year 2: $55,000 Year 3: $55,000 Year 4: $55,000 Year 5: $55,000 Year 6: $55,000 What is the IRR of the project? (Give your answer in percent format and round to 2 decimal places.) Typed numeric answer will be automatically saved.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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You have a project with the following cash flows:
Year 0: -$100,000
Year 1: -$60,000
Year 2: $55,000
Year 3: $55,000
Year 4: $55,000
Year 5: $55,000
Year 6: $55,000
What is the IRR of the project? (Give your answer in percent format
and round to 2 decimal places.)
Typed numeric answer will be automatically saved.
Transcribed Image Text:You have a project with the following cash flows: Year 0: -$100,000 Year 1: -$60,000 Year 2: $55,000 Year 3: $55,000 Year 4: $55,000 Year 5: $55,000 Year 6: $55,000 What is the IRR of the project? (Give your answer in percent format and round to 2 decimal places.) Typed numeric answer will be automatically saved.
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