(Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing fa The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as fll Year Project Cash Flow 1 $760,000 390,000 290,000 450,000 (Click on the icon in order to copy its contents into a spreadsheet.) 2 3 4 If you know that the project has a regular payback of 2.1 years, what is the project's IRR? The IRR of the project is%. (Round to two decimal places.)

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
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(Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility.
The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows:
Year
Project Cash Flow
$760,000
390,000
290,000
450,000
(Click on the icon O in order to copy its contents into a spreadsheet.)
2
3
4
If you know that the project has a regular payback of 2.1 years, what is the project's IRR?
The IRR of the project is %. (Round to two decimal places.)
Transcribed Image Text:(Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows: Year Project Cash Flow $760,000 390,000 290,000 450,000 (Click on the icon O in order to copy its contents into a spreadsheet.) 2 3 4 If you know that the project has a regular payback of 2.1 years, what is the project's IRR? The IRR of the project is %. (Round to two decimal places.)
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