Question
Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $502,100. Year 1: 175,200 Year 2:
Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $502,100.
Year 1: 175,200
Year 2: 122,900
Year 3: 137,800
Year 4: 145,300
Year 5: 147,100
Round the answer to two decimal places in percentage form.
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
