Question
Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $504,600. Year 1: 197,700 Year 2:
Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $504,600.
Year 1: 197,700
Year 2: 198,200
Year 3: 161,500
Year 4: 133,700
Year 5: 154,700
Round the answer to two decimal places in percentage form.You should use Excel or financial calculator.
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
