Question
A firm is planning an investment in a project. The initial investment is 240,000. The project returns $100,000 cash at the end of one year.
A firm is planning an investment in a project. The initial investment is 240,000. The project returns $100,000 cash at the end of one year. At the end of second year the project returns cash of amount $F. These are only cash flows from the project. If the IRR for the project is 10%, what is the amount $F?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
