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What is the internal rate of return for the following investment: $10,000 invested at the beginning of the first year (now); $6,000 invested at the
What is the internal rate of return for the following investment: $10,000 invested at the beginning of the first year (now); $6,000 invested at the end of the first year; and $22,000 withdrawn at the end of the fourth year?
| a. | 9.16%
| |
| b. | 12.60% | |
| c. | 18.82% | |
| d. | 4.62% |
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