Question
Calculate the Internal Rate of Return (IRR) for the following series of cash flows: Year Cash Flow 0 -315,000 1 110,000 2 120,000 3 105,000
Calculate the Internal Rate of Return (IRR) for the following series of cash flows:
| Year | Cash Flow |
| 0 | -315,000 |
| 1 | 110,000 |
| 2 | 120,000 |
| 3 | 105,000 |
| 4 | 102,000 |
| 5 | 101,000 |
Enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e. 0.1234)
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Calculating the IRR The IRR is the discount rate that makes the ne...
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
7th Edition
0137858515, 9780137858514
