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You are considering the investment of $163,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: At
You are considering the investment of $163,000 (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: $183,000 What is the IRR (Internal Rate of Return) of this project? (Answer to the nearest 0.01%)
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