Question
Compute the internal rate of return for the cash flows of the following two projects (Do not round intermediate calculations. Enter your answers as a
| Compute the internal rate of return for the cash flows of the following two projects (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): |
| Year | Project A | Project B | ||
| 0 | $ | 6,300 | $ | 3,900 |
| 1 |
| 2,400 |
| 1,400 |
| 2 |
| 3,200 |
| 2,500 |
| 3 |
| 2,000 |
| 1,600 |
|
| Internal rate of return | |
| Project A | % | |
| Project B | % | |
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Where Does Money Grow
Authors: Beth McGuinness
1070202150, 978-1070202150
