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Duff Beer is considering the purchase of a new blimp to lure Homer into Moes Tavern more often. Cash flows associated with the purchase are
Duff Beer is considering the purchase of a new blimp to lure Homer into Moes Tavern more often. Cash flows associated with the purchase are presented below. Determine the IRR.
Year | Cash Flow
0 | $(2,000)
1 | $1,000
2 | $750
3. | $500
4. | $250
5. | $0
6. |-$250
Group of answer choices
A) 4.30%
B) 6.23%
C) 9.47%
D) 7.73%
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