Bonus Question $(10-$point$)$

An initial outlay of $$C$ in an investment yields returns of $$R$ at the end of each period over $N$

periods.

Please write down the expression of the Net Present Value of this investment. Please write down the iterative formula to find the Internal Rate of Return $($IRR$)$ on the

investment using the Newton's Method.An initial outlay of $ C in an investment yields returns of $ R at the end of each period over N

periods.

$$ Please write down the expression of the Net Present Value of this investment.

$$ Please write down the iterative formula to find the Internal Rate of Return $($IRR$)$ on the

investment using the Newton$$s Method.