Question: Using the IRR Function Years Cash Flows 0 ($100,000) 1 $6,000 2 $7,000 3 $8,000 4 $9,000 5 $10,500 6 $11,500 7 $12,600 8 $15,000
| Using the IRR Function | |||||||||
| Years | Cash Flows | ||||||||
| 0 | ($100,000) | ||||||||
| 1 | $6,000 | ||||||||
| 2 | $7,000 | ||||||||
| 3 | $8,000 | ||||||||
| 4 | $9,000 | ||||||||
| 5 | $10,500 | ||||||||
| 6 | $11,500 | ||||||||
| 7 | $12,600 | ||||||||
| 8 | $15,000 | ||||||||
| 9 | $17,000 | ||||||||
| 10 | $70,000 | ||||||||
| Total | $66,600 | ||||||||
| IRR | <=== Use IRR funtion to calculate the Internal Rate of Return of this Investment | ||||||||
| Please format with two decimal places. | |||||||||
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Study Help