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Billabong Tech uses the internal rate of return? (IRR) to select projects. Calculate the IRR for...

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Finance

Billabong Tech uses the internal rate of return? (IRR) to selectprojects. Calculate the IRR for each of the following projects andrecommend the best project based on this measure. Project? T-Shirtrequires an initial investment of ?$16, 000 and generates cashinflows of ?$6,000 per year for 6 years. Project Board Shortsrequires an initial investment of ?$30,667 and produces cashinflows of ?$11,000 per year for 7 years

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3.6 Ratings (477 Votes)
Project Tshirt Internal rate of return is calculated using a financial calculator by inputting the below Press the CF button CF0 16000 It is entered with a negative sign since it is a    See Answer
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Transcribed Image Text

Billabong Tech uses the internal rate of return? (IRR) to selectprojects. Calculate the IRR for each of the following projects andrecommend the best project based on this measure. Project? T-Shirtrequires an initial investment of ?$16, 000 and generates cashinflows of ?$6,000 per year for 6 years. Project Board Shortsrequires an initial investment of ?$30,667 and produces cashinflows of ?$11,000 per year for 7 years

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