Question: A project's estimated cash flows are summarized below: Year Project Cash Flow 0 ? 1 $800 2 $600 3 $400 4 $200 The project has
A project's estimated cash flows are summarized below:
| Year | Project Cash Flow |
| 0 | ? |
| 1 | $800 |
| 2 | $600 |
| 3 | $400 |
| 4 | $200 |
The project has a payback period of 2.7 years. What is the project's internal rate of return (IRR)?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
