Question: A project costs $328 and subsequent cash flows for dates 2 and 3 are $94 and $70, respectively. The only other cash flow is at
A project costs $328 and subsequent cash flows for dates 2 and 3 are $94 and $70, respectively. The only other cash flow is at date 1, and the project's internal rate of return is 3.77%. What is the amount of the date 1 cash flow? Round your final answer to 2 decimal places and leave out the "$" sign. If negative (an outflow), include a "-" sign.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
