Question
A project has an up front cost of $1,000 today. It will generate a cash flow of $100 starting next year which will decrease 4%
A project has an up front cost of $1,000 today. It will generate a cash flow of $100 starting next year which will decrease 4% every year afterwards, going forever. If the cost of financing this project is 8%, then the IRR of the project is __________%.
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Beyond Greed And Fear Understanding Behavioral Finance And The Psychology Of Investing
Authors: Hersh Shefrin
1st Edition
0195161211, 978-0195161212
