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Consider an investment where the cash flows are: $ 9 4 6 . 2 1 at time t = 0 ( negative since this is
Consider an investment where the cash flows are:
$ at time negative since this is your initial investment
$ at time in years
$ at time in years
$ at time in years
a Use Excel's "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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