What the approximate internal rate of return on this project, Accounting Basics

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What the approximate internal rate of return on this project

Use the following table,

Present value of an Annuity of 1
Period 8% 9% 10%
1 .926 .917 .909
2 1.783 1.759 1.736
3 2.577 2.531 2.487

A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $227,790 and is expected to generate cash inflows of $90,000 each year for three years. what the approximate internal rate of return on this project is ?

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Accounting Basics: What the approximate internal rate of return on this project

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Recent Questions Asked Accounting Basics

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Accounting Basics: What the approximate internal rate of return on this project

Reference No:- TGS088648

Recent Questions Asked Accounting Basics

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