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6. Custom Shades is considering an investment in a 4 year project. It will provide a 13% internal rate of return, and is expected to

6. Custom Shades is considering an investment in a 4 year project.
It will provide a 13% internal rate of return, and is expected to have a $44,000
cash inflow in the first year, $63,000 in the 2nd year, and $51,000 in the last two years.
What is the maximum initial investment that would support this internal rate of return and the
three cash inflows indicated above?
Initial investment Initial investment Years
Cashflow year 1 13%
Cashflow year 2
Cashflow year 3
Cashflow year 4
Cashflow year

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