Question
Consider the Obsidian Project, which requires an investment of $2,000 initially, with subsequent cash flows of $500, $700 and $900. The required rate of return
Consider the Obsidian Project, which requires an investment of $2,000 initially, with subsequent cash flows of $500, $700 and $900. The required rate of return is 7%.
What is the IRR of the Obsidian Project?
Enter your answer as a percentage with 2 decimal places (but do not include %).
For example 0.034 = 3.40
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Private Equity Mathematics
Authors: Oliver Gottschalg
1st Edition
1908783508, 9781908783509
