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.
Based on the IRR of this investment, should the investor purchase this property? (YES OR NO)
Answer format: Text
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Quantitative Financial Analytics The Path To Investment Profits
Authors: Edward E Williams, John A Dobelman
1st Edition
9813224258, 978-9813224254
