An investment cost $6,500, and will have a cash flow of $1,500 in the first year, $1,800 in the second year and $200 in the third year, at which time the investment will be sold for $8,000. What is the internal rate of return (IRR) of this investment?

Answer rating: 100% (QA)

To calculate the internal rate of return IRR of the investment we need to ... View the full answer