Business, 22.04.2020 02:19 eriter659

Darrox, Inc. is considering a fourminusyear project that has an initial outlay or cost of $90,000. The future cash inflows from its project are $50,000, $30,000, $30,000, and $30,000 for years 1, 2, 3 and 4, respectively. Darrox uses the internal rate of return method to evaluate projects. What is the approximate IRR for this project?

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Darrox, Inc. is considering a fourminusyear project that has an initial outlay or cost of $90,000. T...