Question
The following set of cash flows has 2 internal rates of return. The first IRR is 16.97%. Calculate the 2nd IRR for the cash flows.
The following set of cash flows has 2 internal rates of return. The first IRR is 16.97%. Calculate the 2nd IRR for the cash flows. (Enter percentages as decimals and round to 4 decimals). Hint: you will need to use a guess in the excel function.
| Time | Cash Flow |
| 0 | 2,000 |
| 1 | -4,250 |
| 2 | 2,000 |
| 3 | -4,000 |
| 4 | 5,000 |
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School Finance Elections
Authors: Don E. Lifto, Bradford J. Senden, Daniel A. Domenech
2nd Edition
1607091488, 978-1607091486
