Edison electric systems is considering a project that has


Edison Electric Systems is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected. Year: 0 1 2 3 Cash flows: -$1,000 $450 $470 $490

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Financial Management: Edison electric systems is considering a project that has
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