Internal rate of return that jamaica can earn on project

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Reference no: EM131893480

Jamaica Corp. is adding a new assembly line at a cost of $8.5 million. The firm expects the project to generate cash flows of $2 million, $3 million, $4 million, and $5 million over the next four years. Its cost of capital is 16 percent. What is the internal rate of return that Jamaica can earn on this project? (Do not round intermediate computations. Round final answer to the nearest percent.) Entry field with incorrect answer 18% 21% 19% 20%

Reference no: EM131893480

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