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question: Use EXCEL Solver to discover the annual percentage increase in Project 2 revenues to create an IRR of 10% (4 Marks) answer = 6%(the
question: Use EXCEL Solver to discover the annual percentage increase in Project 2 revenues to create an IRR of 10% (4 Marks)
answer = 6%(the data is shown below, the original IRR is 3.59%)
pls, show in detail how to get the correct answer.
project 2 data:
Capital Costs | Operating Costs | Revenue | Net |
40000 | -40000 | ||
5000 | 1500 | 3700 | -2800 |
0 | 1500 | 3737 | 2237 |
0 | 1500 | 3774 | 2274 |
0 | 1500 | 3812 | 2312 |
0 | 1500 | 3850 | 2350 |
0 | 1500 | 3889 | 2389 |
0 | 1500 | 3928 | 2428 |
0 | 1525 | 3967 | 2442 |
0 | 1550 | 4007 | 2457 |
0 | 1575 | 4047 | 2472 |
0 | 1600 | 4087 | 2487 |
0 | 1625 | 4128 | 2503 |
0 | 1650 | 4169 | 2519 |
0 | 1675 | 4211 | 2536 |
5000 | 1700 | 4253 | -2447 |
0 | 1500 | 4296 | 2796 |
0 | 1500 | 4339 | 2839 |
0 | 1500 | 4382 | 2882 |
0 | 1500 | 4426 | 2926 |
0 | 1500 | 4470 | 2970 |
0 | 1500 | 4515 | 3015 |
0 | 1525 | 4560 | 3035 |
0 | 1550 | 4605 | 3055 |
0 | 1575 | 4652 | 3077 |
0 | 1600 | 4698 | 3098 |
0 | 1625 | 4745 | 3120 |
0 | 1650 | 4792 | 3142 |
0 | 1675 | 4840 | 3165 |
0 | 1700 | 4889 | 3189 |
0 | 1700 | 4938 | 3238 |
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