What is the IRR of a venture where you invest $$100$ million now and then get $$65$ million in one year and another $$65$ million in two years. Assume that the company doing it has a $6\%$ cost of capital. Does the IRR exceed that cost of capital. Note that you need to use a financial calculator or the IRR formula in Excel to get the IRR, but you should also know $($for the final$)$ that its the $r$ that solves $100=\frac{65}{1+r}+\frac{65}{(1+r{)}^2}$

Roughly $19\mathrm{.}4\%$

$30\%$

Roughly $22\mathrm{.}3\%$

Roughly $17\%$