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A company is making an investment of $2,060,345 that will yield the following cash flows: Year 1 $232,300 Year 2 $408,400 Year 3 $613,600 Year
A company is making an investment of $2,060,345 that will yield the following cash flows:
Year 1 | $232,300 | |
Year 2 | $408,400 | |
Year 3 | $613,600 | |
Year 4 | $887,100 | |
Year 5 | $1,041,924 |
What is the internal rate of return of the investment?
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