Question
You are considering the investment of $153,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: At
You are considering the investment of $153,000 (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: $292,000 What is the IRR (Internal Rate of Return) of this project? (Answer to the nearest 0.01%)
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Corporate Finance For Dummies
Authors: Michael Taillard
2nd Edition
1119850312, 978-1119850311
