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You are evaluating an investment that requires $2,000 upfront, and pays $500 at the end of each of the first 2 years, and an additional

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You are evaluating an investment that requires $2,000 upfront, and pays $500 at the end of each of the first 2 years, and an additional lump- sum of $1000 at the end of year 2. What would happen to the IRR if the annual payment at the end of the first year go down from $500 to $300 and the annual payment at the end of second year stays at $500? Multiple Choice IRR decreases IRR increases IRR doesn't change

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