Computation of the internal rate of return of capital

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Computation of the Internal rate of Return of capital project.

What is the IRR for the following project if its initial cost is $5,000,000 and it is expected to provide cash flows of $1,800,000 in year 1, $1,900,000 in year 2, $2,700,000 in year 3 and $2,300,000 in year 4?

Reference no: EM1311052

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