A Company is planning to invest in a new development. The cost of the project will be $23 million and is expected to generate cash flows of $14,000,000, $11,750,000, and $6,350,000 over the next three years. The company's cost of capital is 20 percent. What is the internal rate of return on this project?© BrainMass Inc. brainmass.com March 22, 2019, 2:23 am ad1c9bdddf
This solution attaches an Excel spreadsheet that show how the IRR is calculated for a given project.