2 years ago

It takes Nim 2 2/3 hours to weave a basket. He worked Monday through Friday, 8 hours a day. How many baskets did he make?

2 answers:

5 0

He worked (Mon - Fri) 5 days at 8 hrs per day = 5 * 8= 40 hrs

40/ (2 2/3) =
40 / (8/3) =
40 * 3/8 =
120/8 = 15 baskets <== he made 15 baskets

IRISSAK [1]2 years ago

4 0

This is really hard I really don't know it

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$P_0 = 275000$

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Substitute the values in the formula :

$0 =-275000 + \frac{92000}{(1+IRR)} + \frac{92000}{(1+IRR)^2} + \frac{92000}{(1+IRR)^3}+\frac{92000}{(1+IRR)^4}+\frac{92000}{(1+IRR)^5}$

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Solving for IRR using calculator

IRR = 20.02

Hence the internal rate of return if the initial cost of the project is $275,000 is 20.02%

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