Question: You are considering a new project that has a required investment of 107 today. The project will pay a single cash inflow of 707 in

 You are considering a new project that has a required investment

You are considering a new project that has a required investment of 107 today. The project will pay a single cash inflow of 707 in 7 years from today. What is the project's IRR? Input your answer in decimal format (not percent), rounded to the nearest 0.01

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!