What is the internal rate of return of the project

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Question - The Mirror Company plc is appraising a capital project which would require an investment of £2.5m. The incremental cash inflows would be £750k for the next three years and then £450k for the following two years. At the end of five years the project would be shut down with no residual value. The company's required return on capital is 8%. What is the Internal Rate of Return (IRR) of the project?

Reference no: EM133046324

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