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Becky made an investment with the following cash flows: YEAR 1 $ 30,000 Cash investment YEAR 2 $ 10,000 Cash return received YEAR 3 $
| Becky made an investment with the following cash flows: | ||
| YEAR 1 | $ 30,000 | Cash investment |
| YEAR 2 | $ 10,000 | Cash return received |
| YEAR 3 | $ 8,000 | Cash return received |
| YEAR 4 | $ 11,000 | Cash return received |
| YEAR 5 | $ 9,000 | Cash return received |
| What was her internal rate of return over the five year period? | ||
| Note: Round your answer to the nearest whole decimal, i.e. "12.2" " 5.1" or "2.3". Omit the "%" sign in your response. | ||
%
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
14th edition
1285867971, 978-1305480742, 1305480740, 978-0357686393, 978-1285867977
