Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. project l costs $68,366.55, its expected cash infl

Project L costs $68,366.55, its expected cash inflows are $14,000 per year for 11 years,...

60.1K

Verified Solution

Question

Finance

Project L costs $68,366.55, its expected cash inflows are $14,000 per year for 11 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A retaining wall x m high was designed to stabilize a horizontal ground surface. The back of...

Civil Engineering
Q

A person buying a personal computer system is offered a choice of three models of the...

Advance Math
Q

Post the following transactions to Mr Okonj s Cash book and balance it at the...

Basic Math
Q

Compute the total and annual returns on the following investment.Fifteen years after purchasing shares in...

Basic Math
Q

Waterways Corporation (This is a continsation of the Watervays Problem from Chaptens. through z)...

Accounting
Q

George operates a business that generated revenues of $59 million and allocable taxable income of...

Accounting
Q

Tony owns 40% of the stock of Avengers, Inc, with a FMV of $400,000. His...

Accounting
Q

Sergei Company issued $400,000 of bonds on January 1, 2017. Instructions Prepare the...

Accounting
Q

A new road surface is being considered for Highway 51. The initial cost is $500,000....

Finance
Q

1.The Loris Healthcare System employs 200 persons on the nursing staff. Fifty are nurse's aides,...

Accounting
Q

Two important tools to evaluate projects are using the Weighted Average Cost of Capital (WACC),...

Finance
Q

A necessary condition for the early exercise of an American put option is that: 21...

Finance