What is the IRR of this project

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Internal rate of return: Hathaway, Inc., a resort management company, is refurbishing one of its hotels at a cost of $7.8 million. The firm expects that this will lead to additional cash flows of $1.8 million for the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should they go ahead with this project?

Reference no: EM131496486

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