I really need help with this Question don't know how to do it
1 answer:
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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%
Answer:
The answer is below
Step-by-step explanation:
a) Cost of hiring the bicycle for 14 days is:
Cost = 65 * 14 days + 44 = 954 riyals
b) The number of days the bicycle is hired is to be the same as the number of days the bicycle is to be hired. Let us assume that the bicycle and helmet is to be hired for x days, hence:
Cost of bicycle = 65 * x + 14 = 65x + 44
Cost of helmet = 12.5 * x = 12.5x
Total cost = 65x + 44 + 12.5x = 77.5x + 44
Since 750 riyals is available, hence:
750 = 77.5x + 44
77.5x = 706
x = 9.11
Therefore the maximum number of days is 11. The total cost for 11 days is:
Total cost = 77.5(9) + 44 = 741.5 riyals
Money not spent = 750 riyals - 741.5 riyals = 8.5 riyals
