## Fijisawa, Inc. is considering a major expansion of its product line

Fijisawa, Inc. is considering a major expansion of its product line and has estimated the following cash flows associated with such an expansion. The initial outlay would be $11,600,000, and the project would generate cash flows of $1,190,000 per year for 20 years. The appropriate discount rate is 6.7 percent. Calculate the IRR. I need…