Compute the IRR for the following project. - 4845

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Request Description

Compute the IRR for the following project. The initial cost is $10,000. The net cash flows are 3,800 for four years. The net salvage value is $2,000 when the project terminates. The cost of capital is 10%. 

a. 13.91% 

b. 18.91% 

c. 23.91% 

d. 25.91%

 
Solution Description

Compute the IRR for the following project.