A research division of a large consumer electronics company has developed a new type of mp3 player. The project will req

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A Research Division Of A Large Consumer Electronics Company Has Developed A New Type Of Mp3 Player The Project Will Req 1 (37.84 KiB) Viewed 11 times

A research division of a large consumer electronics company has developed a new type of mp3 player. The project will require an immediate cash outflow of $1,665,321. The new project is expected to produce cash flows of $500,000 per year for 4 consecutive years beginning at the end of year one. What is this projects internal rate of return? % Place your answer in percentage form without the percent sign. For example, if your answer is four point seven two percent, you should enter your answer as 4.72 and not as .0472 or as 4.72%.