Question
Yolanda Corp is thinking of investing in a new location. The managers think that opening a new store will cost $115. (All of the numbers
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Yolanda Corp is thinking of investing in a new location. The managers think that opening a new store will cost $115. (All of the numbers are in thousands.) They expect to the following yearly profits: $25 in year 1, $37 in year 2, $65 in year 3, and $60 in year 4. What is the IRR of this investment?
11%
19.24%
None of these
12.92%
19.00%
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
