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HOW DO I INPUT THIS ON MY FINANCIAL CALCULATOR? HP10B11+ Model Please provide step by step instructions on financial calculator Problem 6 What is the

HOW DO I INPUT THIS ON MY FINANCIAL CALCULATOR?

HP10B11+ Model

Please provide step by step instructions on financial calculator

Problem 6

What is the approximate IRR for a project that costs $110,000 and provides cash inflows of $30,000 for 6 years?

Assumptions:

Cashflows:

  1. CF0 $ (110,000.00)

  2. CF1 $ 30,000.00 1 - Frequency

  3. CF2 $ 30,000.00 1 - Frequency

  4. CF3 $ 30,000.00 1 - Frequency

  5. CF4 $ 30,000.00

  6. CF5 $ 30,000.00

  7. CF6 $ 30,000.00

IRR = ?

NPV = 0

Solution:

16.19%

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