Answer:
20.02%
Step-by-step explanation:
Formula :
n = 1,2,3,4,5
Substitute the values in the formula :
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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1 answer:
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Answer:
First type of fruit drinks: 48 pints
Second type of fruit drinks: 32 pints
Step-by-step explanation:
Let's call A the amount of first type of fruit drinks. 55% pure fruit juice
Let's call B the amount of second type of fruit drinks. 80% pure fruit juice
The resulting mixture should have 65% pure fruit juice and 80 pints.
Then we know that the total amount of mixture will be:
Then the total amount of pure fruit juice in the mixture will be:
Then we have two equations and two unknowns so we solve the system of equations. Multiply the first equation by -0.8 and add it to the second equation:
+
--------------------------------------
We substitute the value of A into one of the two equations and solve for B.