# Question: microwave oven programming inc is considering the construction of a...

###### Question details

Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial cash outlay of

$14 million, and will produce cash flows of $5 million at the end of year 1, $6 million at the end of year 2, and $4

million at the end of years 3 through 5. What is the internal rate of return on this new plant?