It costs $25,000 to survey land development forfeasibility purposes. If it is feasible, the project
It costs $25,000 to survey land development forfeasibility purposes. If it is feasible, the project willcost $150,000 and the expected cash flows are: Year1: $60,000 Year2: $0 Year3: $100,000 Year4: $0 Year5: $60,000 There is also a $10,000 salvage value in year 5. The discount rate is 18%. Calculate the IRR. . . .