Woatich Windmill Company is considering a project

Woatich Windmill Company is considering a project

Woatich Windmill Company is considering a project that calls foran initial cash outlay of $50,000. The expected net cash inflowsfrom the project are $7,791 for each of 10 years. What is the IRRof the project? [(Hint: The cash f lows from the project are anannuity so you can solve for i in the equation PVA =R(PVIFAi,10).]


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