Big Sean wants to buy an oil well, Tupac is willing to sell one of his oil wells for $3 million. The well should produce for another 10 years and it is expected to generate profits of $600,000 annually for the first six years and $500,000 for each of the last 4 years. What is the IRR of Tupac's investment?

Answer rating: 100% (QA)

To calculate the Internal Rate of Return IRR for Tupacs investment in the oil well we need to determ... View the full answer