please answer this IRR, investment life, and cash inflows Oak Enterprises...
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IRR, investment life, and cash inflows Oak Enterprises accepts projects earning more than the firm's 11% cost of capital. Oak is currently considering a 13-year project that provides annual cash inflows of $20,000 and requires an initial investment of $170,000. a. Determine the IRR of this project. Is it acceptable? b. Assuming that the cash inflows continue to be $20.000 per year, how many additional years would the flows have to continue to make the project acceptable (that is, to make it have an IRR of 11%)? c. With the given ife, an initial investment of $170.000, and cost of capital of 11%, what is the minimum annual cash inflow the investment would have to provide in order for this project to make sense for Oak's shareholders? a. The project's IRR 1% (Round to two decimal places.)
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