Question: Electronic Arts (EA) is evaluating a potential project for investment. EA has estimated its WACC to be 11.7%. The project's anticipated cash flows are shown
Electronic Arts (EA) is evaluating a potential project for investment. EA has estimated its WACC to be 11.7%. The project's anticipated cash flows are shown below. Determine the project's IRR.
Year (t) and cash flows: (t=0) -$500 (t=1) $500 (t=2) $2,500 (t=3) $3,750 (t=4) $500
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