Assume you are evaluating a project that requires an initial investment of ($5,000) at time zero, then

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Assume you are evaluating a project that requires an initial investment of \($5,000\) at time zero, then another investment of \($4,000\) in one year, after which it will have cash inflows of \($3,000\) per year for five years. How many IRRs could this project possibly have?

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M Finance

ISBN: 9781266827877

6th Edition

Authors: Marcia Cornett, Troy Adair, John Nofsinger

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