Determine the expected internal rate of return

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Problem - Internal rate of return method - The Canyons Resort, a Utah ski resort, announced a $400 million expansion of lodging properties, lifts, and terrain. Assume that this investment is estimated to produce $79.7 million in equal annual cash flows for each of the first 10 years of the project life.

Required - Determine the expected internal rate of return of this project for 10 years?

Reference no: EM132706992

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