Question
You are considering the investment of $101,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: At
You are considering the investment of $101,000 (today) in a lemonade stand.
Also, you expect the stand to generate the following future cash flows:
At the end of year 1: $0 At the end of year 2: $0 At the end of year 3: $0 At the end of year 4: $164,000 What is the IRR (Internal Rate of Return) of this project?
(Answer to the nearest 0.01%)
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
