Question
What is the IRR of a project that has an initial investment of $100,000 and expected to generate the following operating cash flows from year
What is the IRR of a project that has an initial investment of $100,000 and expected to generate the following operating cash flows from year 1 to year 4. (round your answer to two decimal places).
| year 1 | $ 20,000 |
| year 2 | $ 34,800 |
| year 3 | $ 30,000 |
| year 4 | $ 50,000 |
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
