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At an interest rate of 15%, the net present value of a project is $2,500.
At an interest rate of 20%, the net present value falls to minus $4,000.
What is the internal rate of return of the project?
my workings
15%+ 2500/6500+5%=17.31
please tell me where I go wrong.
Your workings should be 15% + (2500/6500 x 5%) = 16.92%
