Question
Consider an investment where the cash flows are: $987.97 at time t = 0 (negative since this is your initial investment) $408 at time t
Consider an investment where the cash flows are: $987.97 at time t = 0 (negative since this is your initial investment) $408 at time t = 1 in years $387 at time t = 2 in years $301 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?
Please use solver and post the screenshot
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