Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following cash flows: Year Cash Flow 0 $ 33,500 1 14,500 2 17,200 3 11,900 Required: What is the IRR of the above

Consider the following cash flows:

Year Cash Flow
0 $ 33,500
1 14,500
2 17,200
3 11,900

Required:

What is the IRR of the above set of cash flows? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Internal rate of return %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Commercial Aircraft Finance Handbook

Authors: Ronald Scheinberg

2nd Edition

1138558990, 978-1138558991

More Books

Students also viewed these Finance questions