Question
Assume you invest $8,800 today in an investment that promises to return $24,987 in exactly 10 years. a. Use thepresent-value technique to estimate the IRR
Assume you invest $8,800 today in an investment that promises to return $24,987 in exactly 10 years.
a. Use thepresent-value technique to estimate the IRR on this investment.
b. If a minimum annual return of 15% isrequired, would you recommend thisinvestment?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
