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A small start-up biotech firm anticipates that it will have cash outflows of $200,000 per year at the end of the next 3 years.
A small start-up biotech firm anticipates that it will have cash outflows of $200,000 per year at the end of the next 3 years. Then the firm expects a positive cash flow of $50,000 at the EOY 4 and positive cash flows of $250,000 at the EOY 5-9. Based on these estimates, would you invest money in this company if your MARR is 15% per year? The internal rate of return is %. (Round to two decimal places.)
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