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2.- A project has a total cost of $8,700. The cash flows are $1,000 at first year, $2,000 in the second year, and $3,000 in the third. What is the IRR? If a return of 18% is needed, should this investment be accepted?

2.- A project has a total cost of $8,700. The cash flows are $1,000 at first year, $2,000 in the second year, and $3,000 in the third. What is the IRR? If a return of 18% is needed, should this investment be accepted?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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2.- A project has a total cost of $8,700. The cash flows are $1,000 at first year, $2,000 in the second year, and $3,000 in the third. What is the IRR? If a return of 18% is needed, should this investment be accepted?
Transcribed Image Text:2.- A project has a total cost of $8,700. The cash flows are $1,000 at first year, $2,000 in the second year, and $3,000 in the third. What is the IRR? If a return of 18% is needed, should this investment be accepted?
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