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Microwave Oven​ Programming, Inc. is considering the construction of a new plant. The plant will have...

Microwave Oven​ Programming, Inc. is considering the construction of a new plant. The plant will have an initial cash outlay of

​$14 million, and will produce cash flows of $5 million at the end of year​ 1, $6 million at the end of year​ 2, and $4

million at the end of years 3 through 5. What is the internal rate of return on this new​ plant?

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Bookl - Microsoft Exce Home Insert Page Layout Formulas Data Review View ,@ _ 히 X Cut Copy Σ Autosum Condittonal asor bat Styles Insert Delete Format Fite & Find& Paste Format Painter Blu - Merge & Cer ter- , t Sort &Find & Filter Select- r Clear , Clear▼ Formatting as Table Styles Clipboard Alignment Cells Editing 0 YearCash flows ($ in m 14 unction Arguments IRR Values 33 B3 -14:5:6:4:4:4 蔨 0.20636621 Returns the intenal rate of return for a senes of cash flows. Values is an array or a reference to cels that contain numbers for which you want to 10 IRR 11 IRR -IRR(B3:B8) caloulate the intemal rate of retun. 20.64%, 13 Formula result= 20.64% 15 17 19 21 11 Sheet1/Sheet2(Sheet3 (u 17:50 13-01-2019Internal rate of return on this new​ plant is 20.64%

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