Question
Consider the following cash flow schedule: Year Cash Flow 0 $-109,550 1 $ 73,650 2 $113,250 3 $95,950 4 $-136,800 If the required return is
Consider the following cash flow schedule:
Year
Cash Flow
0 $-109,550
1 $ 73,650
2 $113,250
3 $95,950
4 $-136,800
If the required return is 10.9%, what is the modified IRR for this scheduleusing the discounting approach? Answer is 18.64% please show all work so I can figure out where I am going wrong
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Financial and Management Accounting
Authors: Pauline Weetman
7th edition
1292086599, 978-1292086590
