Question
Assume that an investment generates the following income stream and can be purchased at the beginning of 2017for $ 1 200 and sold at the
Assume that an investment generates the following income stream and can be purchased at the beginning of 2017for $ 1 200 and sold at the end of 2023 for $1 300. Estimate the IRR for this investment. If a minimum return of 6% is required, would you recommend this investment?(Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)
End of Year Income Stream
2017 $135
2018 120
2019 100
2020 75
2021 55
2022 40
2023 20
The yield on this investment is nothing%.
(Enter as a percentage and round to two decimal places.)
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