Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider the following cash flows: Year Cash Flow 0 $ 33,500 1 15,000 2 16,700 3 12,400 What is the IRR of the cash flows?
Consider the following cash flows:
Year | Cash Flow |
---|---|
0 | $ 33,500 |
1 | 15,000 |
2 | 16,700 |
3 | 12,400 |
What is the IRR of the cash flows?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started