The DEF Group wants to diversify its business and plan to take up a new project that requires an initial investment of $

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answerhappygod
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The DEF Group wants to diversify its business and plan to take up a new project that requires an initial investment of $

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The DEF Group wants to diversify its business and plan to take
up a new project that requires an initial investment of $400000.
They will pay it off in 4 years. It will generate $40000 in the
first year, $80000 in the second year, $1600000 in the third year,
and $259600 in the fourth year. Find out the feasibility of this
investment project if the discount rate is 8%. Use the IRR..
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