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Consider an investment where the cash flows are: $899.89 at time t = 0 (negative since this is your initial investment) $333 at time t
Consider an investment where the cash flows are: $899.89 at time t = 0 (negative since this is your initial investment) $333 at time t = 1 in years $338 at time t = 2 in years $354 at time t = 3 in years |
(a) | Use Excels Solver to find the internal rate of return (IRR) of this investment. Take a screen shot showing Solver open with your entries for the function clearly visible. Paste the screen shot into an application (like Paint), and save it as a (.png) file. Upload your screenshot below. |
(b) | What is the value of IRR found by Solver? |
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