Question
You are considering the investment of $159,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: At
You are considering the investment of $159,000 (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: $257,000
What is the IRR (Internal Rate of Return) of this project?
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Multinational Financial Management
Authors: R M Srivastava
1st Edition
8174466703, 9788174466709
