1. Business
  2. Finance
  3. a firm buys a new piece of equipment for 31548...

Question: a firm buys a new piece of equipment for 31548...

Question details

A firm buys a new piece of equipment for $31,548, and will receive a cash flow of $4,000 per year for eleven years.

What is the IRR? (Use a financial calculator to arrive at the answers. Round the final answer to the nearest whole percent.)

IRR=

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution