Question
Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be
Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital (and even negative), in which case it will be rejected.
| r: | 14.00% | ||||
| Year | 0 | 1 | 2 | 3 | 4 |
| Cash flows | $1,500 | $600 | $725 | $850 | $975 |
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
1st Edition
0521823552, 9780521823555
