Question
Pls help answer this without Excel. I got this incorrect. A real estate property has the following expected cash flows: YEAR CASH FLOW 0 -$94,275.00
Pls help answer this without Excel. I got this incorrect.
A real estate property has the following expected cash flows:
| YEAR | CASH FLOW |
|---|---|
| 0 | -$94,275.00 |
| 1 | $10,495.00 |
| 2 | $25,551.00 |
| 3 | $52,518.00 |
| 4 | $39,838.00 |
The investor wants to earn at least 5.00% on any real estate property.
What is the IRR of this investment?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
