What is the internal rate of return of the project

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Question - L'Nora Cosmetics is evaluating two mutually exclusive capital budgeting projects. Project J-20 costs $620,000 and it is expected to generate $204,125 for four years. Project Q-33 costs $710,000 and it is expected to generate $233,280 for four years. L'Nora's required rate of return is 11 percent. What is the internal rate of return (IRR) of the project(s) the company should purchase?

Reference no: EM133062974

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