Towson Industries is considering an investment of $256,950 that is expected to generate returns of $90,000 per year for each of the next four years. What is the investment's internal rate of return?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 20EA: Towson Industries is considering an investment of $256,950 that is expected to generate returns of...
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Towson Industries is considering an investment of $256,950 that is expected to generate returns
of $90,000 per year for each of the next four years. What is the investment's internal rate of return?
working on excel plz !
Transcribed Image Text:Towson Industries is considering an investment of $256,950 that is expected to generate returns of $90,000 per year for each of the next four years. What is the investment's internal rate of return? working on excel plz !
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