Question
The following set of cash flows has 2 internal rates of return.The first IRR is 17.95%. Calculate the 2nd IRR for the cash flows. (Enter
The following set of cash flows has 2 internal rates of return.The first IRR is 17.95%. 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 4,000
1 -9,000
2 4,000
3 -3,000
4 5,000
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
