The internal rate of return of the project, to the nearest one decimal place, will be $ 44,200.
The quantity of anything is stated as though it were a fraction of a hundred. A quarter of 100 can be used to express the ratio. Per 100 is what the term percent signifies. The symbol 'percent' is used to symbolize it.
The net present value of a proposed project is $20,000 at a discount rate of 5% and $28,000 at 10%.
Then the internal rate of return of the project, to the nearest one decimal place will be
Internal rate = 20000 x 0.95 + 28000 x 0.90
Internal rate = 19000 + 25200
Internal rate = $ 44,200
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