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Question 10 2 pts Wk3Hw_IRR8 Estimate the Internal Rate of Return (IRR) using the following information. -8500 2572 Initial Cash Outflow Net Year 1 Net
Question 10 2 pts Wk3Hw_IRR8 Estimate the Internal Rate of Return (IRR) using the following information. -8500 2572 Initial Cash Outflow Net Year 1 Net Year 2 Net Year 3 3864 6255 NPV=InitialCash Flow+(Year 1 NetCash Flow/(1+rate)^1)+ (Year2NetCash Flow/(1+rate)^2)+(Year 1NetCash Flow/(1+rate)^3)...... note that^ is the spreadsheet notation for "to the power of" and the number used matches the year of the cashflow (e.g. 1,42,43,44,45) Between 14% and 15% Between 17% and 18% Between 19% and 20%
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