1. Calculate the IRR for the following project with the following cash flows: an initial outflow of $15,220 followed by inflows of $5,000, $6,000, and $6,500 at one-year intervals.

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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1. Calculate the IRR for the following project with the following cash flows: an initial outflow of
$15,220 followed by inflows of $5,000, $6,000, and $6,500 at one-year intervals.
a. 9%
b. 8%
c. 7%
d. 6%
Transcribed Image Text:1. Calculate the IRR for the following project with the following cash flows: an initial outflow of $15,220 followed by inflows of $5,000, $6,000, and $6,500 at one-year intervals. a. 9% b. 8% c. 7% d. 6%
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