An investment of $81,000 yields a net annual income of $17,000 for 6 years. What is the internal rate of return (IRR) for this investment? O a. 8.77% O b. 10.52% O c.4.67% O d. 7.01% O e. 5.61%
An investment of $81,000 yields a net annual income of $17,000 for 6 years. What is the internal rate of return (IRR) for this investment? O a. 8.77% O b. 10.52% O c.4.67% O d. 7.01% O e. 5.61%
Chapter10: Capital Budgeting: Decision Criteria And Real Option
Section: Chapter Questions
Problem 8P
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