FINANCE-Chasteen, Inc. is considering an investment with an initial cost
QUESTION
Chasteen, Inc. is considering an investment with an initial cost of $185,000 that would be depreciated straight-line to a zero book value over the life of the project. The cash inflows generated by the project are estimated at $76,000 for the first two years and $30,000 for the following two years. What is the internal rate of return?7.43 percent6.44 percent7.55 percent8.11 percent6.94 percent
ANSWER:
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