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A project has an initial cost of $15,000 and has annual streams of $4,000 (Year 1), $2,500 (Year 2), $1500 (Year 3), and $2,000 (Year
- A project has an initial cost of $15,000 and has annual streams of $4,000 (Year 1), $2,500 (Year 2), $1500 (Year 3), and $2,000 (Year 4) with a salvage value at termination of $4,000. What is the IRR of the project? If the required rate of return is 9%, would you go for it?
Answer: -2.523; No
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Beyond Greed And Fear Understanding Behavioral Finance And The Psychology Of Investing
Authors: Hersh Shefrin
1st Edition
0195161211, 978-0195161212
