For the project shown in the following? table,
Initial investment $120,000
Year (t) Cash inflows
1 $10,000
2 $50,000
3 $40,000
4 $45,000
5 $45,000
Calculate the internal rate of return (IRR). Then? indicate, for the? project, the maximum cost of capital that the firm could have and still find the IRR acceptable.
The? project's IRR is nothing ?%._____ (Round to two decimal? places.)
The maximum cost of capital that the firm could have and still find the IRR acceptable is nothing ?%_____. (Round to two decimal? places.)