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Shrewd Endeavors, Inc., invested $70,000 in a business venture with the following cash flow results: MARR is 10%. Determine the internal rate of return

 

Shrewd Endeavors, Inc., invested $70,000 in a business venture with the following cash flow results: MARR is 10%. Determine the internal rate of return and whether or not this is a desirable venture. EOY 0 1 2 3 4 5 6 7 8 9 10 CF EOY CF $70,000 11 10,000 20,000 12 9,000 19,000 13 8,000 18,000 14 17,000 15 16,000 16 15,000 17 14,000 18 13,000 19 12,000 20 11,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000

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