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i know the answer is -3.68%, but please show step by step not on excel! Simms Corp. is considering a project that has the following
i know the answer is -3.68%, but please show step by step not on excel!
Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected. Year O 1 2 3 Cash flows -$1,375 $425 $425 $425 a. 2.84% b. -3.20% C.-3.83% d. -3.61% e. -3.68% Step by Step Solution
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