Question

The Town Pool is considering investing $ 3,200 today in a popcorn maker. The annual cash profits from the machine will be $ 500 for each of the 10 years of its useful life. What is the IRR on the investment?
A. Solve using a spreadsheet program such as Excel.
B. Solve using a financial calculator (optional).



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  • CreatedDecember 19, 2014
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