This problem is useful for testing the ability of financial calculators and computer software. Consider the following

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This problem is useful for testing the ability of financial calculators and computer software. Consider the following cash flows. How many different IRRs are there?
Year Cash Flow
0 ......... -$ 1,008
1 ......... 5,724
2 ......... - 12,140
3 ......... 11,400
4 ......... - 4,000

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Related Book For  book-img-for-question

Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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