Illinois Tool Works is considering a project that has an initial cash outflow of $1.2 million and expected cash inflows of $320,000 per year for the next 5 years. What is the project's IRR? Your answer should be between 7.6 and 13.42, rounded to 2 decimal places, with no special characters.

Illinois Tool Works is considering a project that has an initial cash outflow of $1.2 million and expected cash inflows of $320,000 per year for the next 5 years. What is the project's IRR? Your answer should be between 7.6 and 13.42, rounded to 2 decimal places, with no special characters.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 2PA: Jasmine Manufacturing is considering a project that will require an initial investment of $52,000...

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.

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