An investor buys a car with the purpose of participating as ber in $150,000, the car generates income $3,000 per week and maintenance expenses of $1,000 pesos per week. Find the IRR of this project if the life The useful life of the Taxi is 3 years and its salvage value is $30,000? Is the IRR found annual or weekly? What is the IRR annual? I take 54 weeks a year.

Answer: IRR = 1.165% weekly, annualized IRR (annual compounded annually) = 86.89%