Question
A colleague asks for your help in finding the discount rate where the NPV=0 for a set of cash flows. You quickly recall that this
A colleague asks for your help in finding the discount rate where the NPV=0 for a set of cash flows. You quickly recall that this is the IRR for a project. Answer in %, rounding to 2 decimals.
Year 0 cash flow = -123,000
Year 1 cash flow = 45,000
Year 2 cash flow = 35,000
Year 3 cash flow = 34,000
Year 4 cash flow = 39,000
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
978-1285453828
