Question
A five-year project requires an investment of -280 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 -280 and has the following cash flows in years 1 through 5, respectively (all cash flows in dollars): 120, -157, 248, 188, and 162. Without actually calculating any IRR, what is the maximum possible value any of the real IRRscould have?Give your answer as a percent with two decimals; e.g., 23.24
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
