Olive Company is considering a project that is estimated to cost $274,000 and provide annual net cash flows of $65,023 for the next five years. Required: What is the internal rate of return for this project? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. Internal Rate of Return 14.59

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 19EA: Redbird Company is considering a project with an initial investment of $265,000 in new equipment...
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Olive Company is considering a project that is estimated to cost $274,000 and provide annual net cash flows of $65,023 for the next
five years.
Required:
What is the internal rate of return for this project?
Note: Round your answer to 2 decimal places.
Answer is complete but not entirely correct.
14.59
Internal Rate of Return
Transcribed Image Text:Olive Company is considering a project that is estimated to cost $274,000 and provide annual net cash flows of $65,023 for the next five years. Required: What is the internal rate of return for this project? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. 14.59 Internal Rate of Return
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