Lennon uses the internal rate of return method to evaluate


Lennon, Inc. is considering a five-year project that has an initial oulay or cost of $80,000. THe respective future cash inflows from its project for years 1,2,3,4 are: $15000, 25000, 35000, 45000 and 55000. Lennon uses the internal rate of return method to evaluate projects. What is Lennon's IRR?

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Finance Basics: Lennon uses the internal rate of return method to evaluate
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