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Bell Hound Financial is considering increasing its insurance product offerings they estimate that the project will cost $79,084 to be paid at the inception of
Bell Hound Financial is considering increasing its insurance product offerings they estimate that the project will cost $79,084 to be paid at the inception of the project. They estimate that the project will yield cash flows of $14,272 in 3 years, $29,234 in 5 years, $34,674 in 10 years, and $72,308 in 17 years. Find the Internal rate of return for this project assuming interest is compounded annually.
The answer given was 6.13, I'm just not sure how to get there.
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