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Fincos Company is considering an investment of $1200 today. It is anticipated that this investment will generate cash flow of $500 at the end of
Fincos Company is considering an investment of $1200 today. It is anticipated that this investment will generate cash flow of $500 at the end of year 1. For the second and the third year the cash flows are expected to increase by a percentage equal to sum of last two digits of your system ID[5+4is my last 2 digit of system id] (For example if your system ID is 123456 it means that cash flows are increasing by 11% each year). Calculate the internal rate of return of this investment.
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