Question: please answer using excel and explain 17) You are offered an investment that will pay the following cash flows at the end of each of
17) You are offered an investment that will pay the following cash flows at the end of each of the next five years at a cost of $800. What is the Internal Rate of Return (IRR)? Use Excel's =IRR(B4:B9) function. Notice that the IRR function does take the initial outlay into account automatically. The IRR function is actually defined as =IRR(values, [guess]). The "guess" argument, a number close to the IRR, is optional and is generally not needed
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