Calculate the IRR of a project that requires an initial cash outflow of $9,000.00 and will be
Question:
Calculate the IRR of a project that requires an initial cash outflow of $9,000.00 and will be sold at the end of year 5 for $4,500.00. The project produces the following cash flows:
Year 1: +$300 Year 2: +$600 Year 3: +$1,200 Year 4: +$2,400 Year 5: +$4,800
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Financial Planning
ISBN: 9781936602094
3rd Edition
Authors: Michael A Dalton, Joseph Gillice
Question Posted: