1. Business
2. Accounting
3. microwave oven programming inc is considering the construction of a...

# 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?