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I am considering an investment (cash outflow) at time of $10,000. The project life is 4 years. The project net cash flow at year one
I am considering an investment (cash outflow) at time of $10,000. The project life is 4 years. The project net cash flow at year one is $2,500, at year two is $3,000, at year three is $5,000 and at year four is $5,000 Figure the IRR (%, two decimal places) using "trial and error" method and linear interpolation. Hint: IRR>14%. (The range of the interval for the linear interpolation should not be greater than 3%) Round
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