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Determine the IRR of the following: A) An initial investment of $10,750 resulting in a free cash flow of $3,500 at the end of year
Determine the IRR of the following:
A) An initial investment of $10,750 resulting in a free cash flow of $3,500 at the end of year 1, $2,000 at the end of year 2, and $7,000 at the end of year 3.
B) An initial investment of $5,000 resulting in a SINGLE free cash flow of $38,077 after 10 years.
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