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Which answer is closest to the IRR of the following set of cash flows? Hint: You can use: a) trial and error, b) Excel, or
Which answer is closest to the IRR of the following set of cash flows? Hint: You can use: a) trial and error, b) Excel, or c) a financial calculator to solve this problem.
Year | Cash Flow |
0 | -15,400 |
1 | 7,000 |
2 | 9,000 |
3 | 6,000 |
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