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An investment will cost you $3000 initially and will pay you $2000 and $5,000 in year 1 and year 2. Assume that you can reinvest
An investment will cost you $3000 initially and will pay you $2000 and $5,000 in year 1 and year 2. Assume that you can reinvest the cash flows received at a 10% annual rate of return. What is the modified IRR of the investment?
Select one:
a.32.6%
b.100%
c.54.9%
d.67%
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