Answered step by step
Verified Expert Solution
Question
1 Approved Answer
you are considering a second business opportunity supply fish to a diner for the next 3 years in return for an upfront payment of $10000.
you are considering a second business opportunity supply fish to a diner for the next 3 years in return for an upfront payment of $10000. you figure it will cost you $4000 a year in supplies to provide this job. the revenue cost of the project is immediate and only revenue is $10000, costs in 1 year is $4000, cost in 2 years is $4000, costs in 3 years is $4000. what is the IRR. provide an explanation and show your calculations
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started