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2. We decide to invest in Prologis Industrial REIT stock. Our initial investment is $20,000. The after-tax cash flows each year are $425, $465, $465,
2. We decide to invest in Prologis Industrial REIT stock. Our initial investment is $20,000. The after-tax cash flows each year are $425, $465, $465, 510 and $510. After 5 years, we resell the stock for $25,200. Suppose our discount rate is 6%. Is this a good investment according to IRR and what is that IRR?
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