Question: 2) A colleague asks for your help in finding the discount rate where the NPV=0 for a set of cash flows. You quickly recall that
2) A colleague asks for your help in finding the discount rate where the NPV=0 for a set of cash flows. You quickly recall that this is the IRR for a project. Answer in %, rounding to 2 decimals.
Year 0 cash flow = -101,000
Year 1 cash flow = 33,000
Year 2 cash flow = 40,000
Year 3 cash flow = 38,000
Year 4 cash flow = 42,000
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