Question: I need help with this homework problem: A projectrequires an immediate initial investment of $100,000. It produces a positive cash flow of $5,000 per year
I need help with this homework problem:
A projectrequires an immediate initial investment of $100,000. It produces a positive cash flow of $5,000 per year in perpetuity starting at the end of the first year. What is the internal rate of return (IRR) of this project?
Thanks
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
