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The new product will produce a cash flow of 500000 a year

Question - A research division of a large consumer electronics company has developed a new type of mp3 player. The production costs in the current period will be $1,399,100. The new product will produce a cash flow of $500,000 a year for 4 consecutive years beginning in year 1. What is the internal rate of return of this project?

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Accounting Basics: The new product will produce a cash flow of 500000 a year

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