RWJ 7th Edition Solutions
The interest rate that makes the NPV of a project equal to zero is the IRR. The equation for the IRR of this project is: 0 = –$568,240 + $289,348/(1+IRR) + $196,374/(1+IRR)2 + $114,865/(1+IRR)3 + $93,169/(1+IRR)4 ................
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