Question: Example 7 . 8 Use the Internal Rate of Return ( IRR ) Excel function to arrive at the IRR shown in Exhibit 7 .

Example 7.8 Use the Internal Rate of Return (IRR) Excel function to arrive at the IRR shown in Exhibit 7.8 in your text Initial investment ($1,000,000) Project cash flow year 1 $200,000 Project cash flow year 2 $250,000 Project cash flow year 3 $300,000 Project cash flow year 4 $350,000 Project cash flow year 5 $450,000 Project cash flow year 6 $650,000

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