Xyz  is considering a 5-year project. It plans to invest Kes.62,000 now and it forecasts cash flows for each year of Kes.16,200. The company requires a minimum rate of 12%. Calculate the internal rate of return  of the project

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 19EA: Redbird Company is considering a project with an initial investment of $265,000 in new equipment...
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Xyz  is considering a 5-year project. It plans to invest Kes.62,000 now and it forecasts cash flows for each year of Kes.16,200. The company requires a minimum rate of 12%.

Calculate the internal rate of return  of the project

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