Question: Problem 8 - 8 Calculating IRR [ LO 3 ] Consider the following cash flows: YearCash Flow 0 $ 3 2 , 0 0 0

Problem 8-8 Calculating IRR [LO 3]
Consider the following cash flows:
YearCash Flow0$ 32,000114,700217,000312,100
What is the IRR of the cash flows?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!