Question
A real estate investment has the following expected cash flows for years 04; -$100,000, $10,000, $25,000, $50,000, $40,000. The investor wants a 7% return on
A real estate investment has the following expected cash flows for years 04; -$100,000, $10,000, $25,000, $50,000, $40,000. The investor wants a 7% return on this investment. What is the initial payment? What is the IRR of this opportunity?
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
4th Edition
0072996862, 9780072996869
