An investment that Kevin is considering offers the following cash flows. Year 1 Initial investment of $150,000
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Question:
An investment that Kevin is considering offers the following cash flows.
Year 1 Initial investment of $150,000
Year 2 Inflow of $55,300
Year 3 Inflow of $27,500
Year 4 Additional investment of $15,000
Year 5 Inflow of $68,900
Year 6 Inflow of $72,600
Year 7 Additional investment $21,900
Year 8 Inflow of $51,050
Year 9 Inflow of $121,750
Year 10 Sale proceeds of $120,000
What is the internal rate of return (IRR) that this investment offers if all cash flows occur at the end of each period?
Related Book For
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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