Question: For unconventional cash flows, there will often be multiple IRRs. Under those circumstances, we cannot use IRR for evaluation purposes. See Pitfall #2 in Berk

For unconventional cash flows, there will often be multiple IRRs. Under those circumstances, we cannot use IRR for evaluation purposes. See Pitfall #2 in Berk and DeMarzo (2020, pp.251).

i) Construct a hypothetical unconventional cash flow that yields two possible IRRs. Present your cash flows in a table and plot its NPV profile.

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