Question
A project has expected free cash flows of $156, $286, $378, and $407 at the end of Years 1, 2, 3, and 4, respectively. What
A project has expected free cash flows of $156, $286, $378, and $407 at the end of Years 1, 2, 3, and 4, respectively. What is its initial outlay if its IRR is 8.89%?
Answer: 967
Pretty sure you need to use excel if that helps
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
