An investor has the following series of cash flows.

Initial investment Year 0 ($1,000,000)
Cash flow Year 1 $40,000
Year 2 $45,000
Year 3 $50,000
Year 4 $40,000
Year 5 $60,000 per year
Sale proceeds Year 5 $1,300,000

Based on the above, what is the investment's Internal Rate of Return (IRR)?

Answer rating: 100% (QA)

To calculate the Internal Rate of Return IRR for the given series of ... View the full answer