Question
you are financial officer of a local auto and bus repair company. a local tour operator agent offers you the following contract. you provide bus
you are financial officer of a local auto and bus repair company. a local tour operator agent offers you the following contract. you provide bus repair over the next five years for free and received 50000 today. You project the cost of the repair to be 10000 in the first two years and 15000 in the following three years. what is the IRR of this stream of cash flow?
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
