Question
Anton invested $68000 in a 3-year project that is expected to pay $X in year 1; $Y in year 2 and $Z in year 3.
Anton invested $68000 in a 3-year project that is expected to pay $X in year 1; $Y in year 2 and $Z in year 3. X, Y and Z are positive. The first cash flow is half the size of the second and twice the size of the third. If the internal rate of return is 10%, what is the value of X?
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Principles of Information Systems
Authors: Ralph Stair, George Reynolds
11th edition
1133629660, 978-1133629665
