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Corporation A asked for an investment of $9 million with the following terms: Initial Investment (year 0): 9,000,000 Exist (year 5): buy investors out at

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Corporation A asked for an investment of $9 million with the following terms: Initial Investment (year 0): 9,000,000 Exist (year 5): buy investors out at 1.1x initial investment Dividend payments to investors projected as follows: Year 1: 1400 2: 2800 3: 10200 4: 12000 5: 12000 Using excel, and formula below find the IRR (SHOW WORK) pv = cf*(1+r PV = X (1+r)-1

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