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You are considering the investment of $105,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: At
You are considering the investment of $105,000 (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: $284,000
What is the IRR (Internal Rate of Return) of this project?
(Answer to the nearest 0.001%)
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