Question
BMW is considering whether to create a flying car, called Project Phantom. Project Phantom costs $95,000 to develop and BMW expects it to deliver free
BMW is considering whether to create a flying car, called Project Phantom. Project Phantom costs $95,000 to develop and BMW expects it to deliver free cashflow of $65,000 in year one and $75,000 in year two. What is the IRR for Project Phantom if BMW's required rate of return for this project is 10%?
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The Commercial Real Estate Investors Handbook
Authors: Steven D. Fisher
1st Edition
1601380372, 978-1601380371
