Question: Please write out work and formulas (not just excel sheets) 3. IRR (15 points) Consider the following cash flow diagram Cash Flow Diagram $1500 $1000

Please write out work and formulas (not just excel sheets)

Please write out work and formulas (not just excel sheets) 3. IRR

3. IRR (15 points) Consider the following cash flow diagram Cash Flow Diagram $1500 $1000 $500 $0 o 2 3 4 yrS $2400 a) How many real IRRs might the above cash flow have? (8 points) b) Write down the equation that you would solve to find the IRR(s). Do not solve for the IRR(s) (7 points)

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