Question
A five-year project requires an investment of -255 and has the following cash flows in years 1 through 5, respectively (all cash flows in dollars):
A five-year project requires an investment of -255 and has the following cash flows in years 1 through 5, respectively (all cash flows in dollars): 159, 83, 243, 125, and 172. Without actually calculating any IRR, what is the maximum possible value any of the real IRRs could have? Give your answer as a percent with two decimals; e.g., 23.24
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
