Question
Consider the following cash flows: Year Cash Flow 0 $ 19,400 1 10,400 2 9,320 3 6,900 What is the IRR of the above set
| Consider the following cash flows: |
| Year | Cash Flow | |||
| 0 | –$ | 19,400 | ||
| 1 | 10,400 | |||
| 2 | 9,320 | |||
| 3 | 6,900 | |||
| What is the IRR of the above set of cash flows? (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
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Step: 1
To calculate the Internal Rate of Return IRR of the given cash flows we n...
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
5th edition
1259289907, 978-1259289903
