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required rate of return = 15% year year cash flow ($ in millions) 0 -500 1 90 2 100 3 150 4 180 5 190

required rate of return = 15%

year

year cash flow ($ in millions)
0 -500
1 90
2 100
3 150
4 180
5 190
6 140
7 100
8 80
9 60
10 -50

using excel, draw npv profile and find "two" IRRs.

There should be two IRRs. If you get two IRRs, the NPV profile graph should look like a parabola curve.

I figured out the first IRR which is 19% (19.45...% to be exact) but I can't seem to get the second one.

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