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Brock Associates invested $80,000 in a business venture with the following results: EOY CF EOY CF 0 -$80,000 5 $28,000 1 10,000 6 22,000 2
Brock Associates invested $80,000 in a business venture with the following results:
| EOY | CF | EOY | CF |
| 0 | -$80,000 | 5 | $28,000 |
| 1 | 10,000 | 6 | 22,000 |
| 2 | 16,000 | 7 | 16,000 |
| 3 | 22,000 | 8 | 10,000 |
| 4 | 28,000 |
MARR is 12%. Determine the internal rate of return and whether or not this is a desirable venture.
The answer is IRR= 16.417% , the deirable venture. How do you get the answer.
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