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Answer is 11.4% ONLY USING EXCEL FORMULS (NO DIRECT MATH NEITHER HANDWRITTEN) ALL FORMULAS MUST BE SHOWN. 7-12 Compute the rate of return on the

Answer is 11.4%

ONLY USING EXCEL FORMULS (NO DIRECT MATH NEITHER HANDWRITTEN)

ALL FORMULAS MUST BE SHOWN.

7-12 Compute the rate of return on the following invest- A ment. Year Cash Flow 0 -$8000 1 0 2 2600 3 2600 4 2600 5 2600

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