A firm with a 9 percent cost of capital is considering a pro…
A firm with a 9 percent cost of capital is considering a project for this year’s capital budget. The project’s expected after-tax cash flows are as follows: Year: 0 1 2 3 4 Cash flow: -$13,000 $5,100 $5,900 $6,000 $6,200 Calculate the project’s internal rate of return (IRR).